Building a Case for a Microsoft Shakeup

Microsoft CEO Steve Ballmer at a news conference in Tokyo on May 23 Photograph by Akio Kon/Bloomberg

Rick Sherlund, Nomura Securities’ software analyst, clearly thinks something’s up with Microsoft. He is a longtime, respected Microsoft watcher—first at Goldman Sachs and now at Nomura—so when he puts out a research note saying something’s new, even if he’s a little coy about what that might be, it’s worth noting. Sherlund also boosted his price target for Microsoft to $38 per share, from $32, while retaining his neutral rating on the stock. Hmmm.

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