Scalper1 News
Much has been written about Microsoft’s revitalization under new CEO Satya Nadella. But Jefferies analyst John DiFucci isn’t buying into the talk that Microsoft (MSFT) has been transformed from a PC-centric software firm to one focused on mobile and cloud computing. Microsoft was down a fraction in afternoon trading on the stock market today, down for a second straight day since DiFucci issued a bearish note on the Redmond, Wash.-based company. On Friday, Microsoft dropped 1.5% to 47.98. DiFucci launched coverage of Microsoft with an underperform rating and a price target of 40. He said that Nadella has done little to address core problems at the company. “We believe the ‘new’ Microsoft will look very much like the ‘old’ Microsoft for some time,” DiFucci said in his report. He noted that the majority of Microsoft’s operating profit is still tied to PCs and sees Google… Scalper1 News
Scalper1 News