Standpoint Research Upgrades Microsoft (MSFT) to Buy after 15% 3-Month Drop

Standpoint Research upgraded Microsoft (NASDAQ: MSFT) from Hold to Buy with a price target of $32.00 saying shares once again looks attractive.

Analyst Ronnie Moas notes, "We have gone in-and-out of MSFT twice in the last four years; see bottom table. Since we last exited MSFT in September 2011 the shares have underperformed the Nasdaq and the S&P-500 by 1500 basis points. The stock has dropped 15% in the last three months and once again looks attractive (especially relative to the S&P).

MSFT seems to be on track to compete with its current strategy, well-received new products [Xbox, Windows 8, Surface and Office]and upgrades."

For an analyst ratings summary and ratings history on Microsoft click here. For more ratings news on Microsoft click here.

Shares of Microsoft closed at $27.32 yesterday.

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