Downgrades roll in for Microsoft following earnings; now down 7.8%
"After a lengthy 16-month period of multiple expansion for Microsoft’s (NASDAQ:MSFT) stock, we see a tougher transition ahead, and move to the sidelines," says Nomura's Rick Sherlund, cutting to Neutral with the price target lowered to $50 from $56. JPMorgan downgrades to Neutral with price target cut to $47 from $53. Never a big fan in the first place, Citi cuts to Sell from Neutral. MKM Parters downgrades to Neutral. Shares -7.8% premarket
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