Citigroup Raises Target, Estimates for Microsoft (MSFT)

in Gold Gold Investing by admin — March 17, 2010 6:21 am | no comments

Software giant Microsoft Corporation ( MSFT ) saw its price target and earnings estimates boosted on Wednesday by analysts at Citigroup. The analyst raised its price target for MSFT stock, which had closed at $29.37 on Tuesday, to $32. Citigroup also lifted its earnings estimates for the company, citing recent cost-cutting measures, and maintained its “Buy” rating. Microsoft shares rose 9 cents, or +0.3%, in premarket trading Wednesday. The Bottom Line We have been recommending shares of MSFT since Aug.28, when the stock was trading at $24.69. The company has a 1.77% dividend yield, based on last night’s closing stock price of $29.37. Microsoft Corporation ( MSFT ) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .