Microsoft (NASDAQ:MSFT): JPMorgan thinks Microsoft’s reorganization is intended to simplify its organization, though the company’s strategy still lacks clarity. The firm notes it is possible that Microsoft may eventually need to change its reporting segment disclosures based on the realignment, though no financial implications were disclosed. It keeps a Neutral rating on the shares.
Don’t Miss: Expanding Microsoft Sets Retail Sights on China.
Booz Allen (NYSE:BAH): Wells Fargo finds that the U.S. Air Force clearing Booz Allen in the Edward Snowden leaks reinforces its view that the incident represents only a potential headline risk for the company and not a meaningful financial risk. The firm has an Underperform rating on shares of Booz Allen.
Rackspace (NYSE:RAX): Wells Fargo finds that following the pullback due to concerns related to Amazon.com Inc. (NASDAQ:AMZN) cloud services price cuts, the firm doesn’t expect Rackspace to be significantly impacted by the reduction. The firm keeps an Outperform rating on Rackspace.
Lionsgate (NYSE:LGF): Stifel has raised its price target on Lionsgate to $35 from $31 following a meeting with Lionsgate’s management. The firm now believes that the company’s film rental splits and TV margins will both be higher than previously expected, and keeps a Buy rating on the stock.