Analysts: Microsoft Still Faces PC Challenges and 3 More Research Notes to Check Out
Microsoft (NASDAQ:MSFT): JPMorgan expects shares of Microsoft to continue rallying in the short term on the upcoming CEO change but says that regardless of who runs the company, secular challenges in the PC market will persist. The firm believes Microsoft’s analyst day on September 19 could be a negative catalyst that will lead to a lowering of estimates and keeps a Neutral rating on the stock.
Aeropostale (NYSE:ARO): Imperial Capital has downgraded Aeropostale to In-Line from Outperform citing increased uncertainty and challenging traffic trends following the company’s second-quarter results. The firm lowered its price target for shares to $10 from $17.
Monster Beverage (NASDAQ:MNST): Goldman Sachs says that Nielsen-tracked c-store energy drink sales grew 7.4 percent for the four weeks ended on August 3, an acceleration from the prior period’s 5.8 percent. The firm said Monster Beverage saw a 13.1 percent sequential improvement versus 10.3 percent the previous month.
Renren (NYSE:RENN): Jefferies has upgraded Renren to Hold from Underperform, saying the divestiture of Nuomi is a positive. The firm has a $3.30 price target for shares.