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Microsoft initiated with "overweight" | |
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| Time: 11:42 EST/16:42 GMT | News Source: E-Mail | Posted By: Todd Richardson | ||
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Analysts at JP Morgan initiate coverage of Microsoft Corporation (MSFT) with an “overweight” rating. Shares of Microsoft Corporation, the world largest software provider, are currently trading at $27.04. According to JP Morgan’s research note published on December 19, the company is poised to benefit from several major products, including its Office 2003 and Windows Server 2003. Microsoft’s aggressive entry into the small business market and an increase in PC and Server shipments would boost the company’s performance in the near term, the analysts add. JP Morgan expects Microsoft to post 9%-10% revenue growth and 8%-9% earnings growth in 2004. | ||
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