Microsoft (NASDAQ:MSFT): Goldman Sachs has downgraded Microsoft from Neutral to Sell, citing weakening PC demand and the tech giant’s limited footing in the tablet and smartphone markets. The firm also cuts its price target to $27 from $30. Goldman is the most recent of a handful of firms to downgrade the company.
Calpine (NYSE:CPN): Morgan Stanley retains Calpine as a top pick following analyst day, and cites its cash and cash flow returns as being under-appreciated by investors. With an Outperform on the shares, the firm believes that Street estimates are too low, and do not properly reflect the forward power prices.
Fastenal (NASDAQ:FAST): Citing excellent execution, sales and operational initiatives, and easing comps mid-year, RW Baird is using the company’s current weakness as a buying opportunity. The firm rates the shares at Outperform, with a $54 price target.
WESCO (NYSE:WCC): William Blair sees the company’s risk versus reward ratio as being unattractive, and sees downside risk to WESCO’s Q1 results. The firm believes WESCO’s Q1 organic sales could be down 3 percent, with EPS at $1.10, below the consensus estimate of $1.16, and maitnains a Market Perform on the stock.