Goldman Sachs cuts Microsoft (MSFT -3.4% to $29.25) to "sell" from "neutral" and says there is...

|About: Microsoft Corporation (MSFT)|By:, SA News Editor

Goldman Sachs cuts Microsoft (MSFT -3.4% to $29.25) to "sell" from "neutral" and says there is an 11% downside to the software giant's $27 12-month price target. Goldman cites falling PC sales and not enough traction in tablets and smartphones as a reason for the downgrade, which comes a day after IDC said that global PC sales slumped 13.9% in Q1.