Shares of Microsoft Corporation (NASDAQ:MSFT) are 1.4% after the stock was downgraded by Stifel Nicolaus. The previous rating of “Buy” was cut to a “Hold,” and the price target of $36 per share was also lowered. The analyst wrote that despite Microsoft Corporation (NASDAQ:MSFT)’s healthy server and tools division and the Microsoft Corporation (NASDAQ:MSFT) Business unit, he sees problems stemming from the company’s need to spend more money on saving the Windows product. He also said the company is spending more on Windows than it had forecast several months ago and that will likely cut into profits in the future.
The article Strong Economic Data Sends Bond Yields Higher originally appeared on Fool.com is written by Matt Thalman.
Fool contributor Matt Thalman owns shares of Microsoft. Check back Monday through Friday as Matt explains what caused the Dow’s winners and losers of the day, and every Saturday for a weekly recap. Follow Matt on Twitter @mthalman5513. The Motley Fool recommends Home Depot. The Motley Fool owns shares of Microsoft.
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