Bank of America Reiterates Neutral on Microsoft Corporation on Preliminary PC Units Data

In a report published Friday, Bank of America analyst Kash Rangan reiterated a Neutral rating and $33.00 price target on Microsoft Corporation (NASDAQ: MSFT ). In the report, Rangan noted, “MSFT stock was down ~4.5% yesterday following multiple sell side downgrades which were prompted by IDC's release of preliminary 1Q13