MKM Cuts Target on Microsoft to $28 Amid 'Challenging Start' for Win8, Surface
Posted on December 05, 2012 at 14:17 PM EST
MKM Partners' Israel Hernandez reduced his price target on Microsoft (NASDAQ: MSFT ) from $32 to $28 Wednesday morning. The analyst maintains a Neutral rating. The analyst's lowered target is based on in-store checks which suggest Windows 8 and the Surface are "off to a challenging start." Hernandez lowered his