Markets & Finance

Robbie Stephens Cuts Microsoft Estimates


Robertson Stephens cut estimates on Microsoft (MSFT).

Analyst Eric Upin says recent extraordinary events magnified many of the risks he was previously worried about. Now he's more concerned about general economic conditions, and is less confident in his estimates. Additionally, the Expedia deal is less certain.

As a result, he cut his $1.94 fiscal 2002 (June) EPS estimate to $1.85, and cut the $2.23 fiscal 2003 estimate to $2.07. He also cut the one-year price target to $65. Upin says he'd been looking for an entry point into the stock, but he feels the risks outweigh the return at this point. He maintains his market perform rating until the economic outlook improves. He also remains positive on the long-term outlook, but says growth is postponed.


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus