NEW YORK (MarketWatch) -- Microsoft Corp. (MSFT) was downgraded on Wednesday by analysts at Morgan Stanley (MS), who said the technology giant's deal to acquire struggling mobile-technology maker Nokia Corp. (NOK) adds both opportunity and risk. The analysts, led by Keith Weiss, downgraded Microsoft's rating to "equal-weight", saying it will add "sticky costs" and challenge the company to vertically integrate, though Nokia may increase the technology company's share of the smartphone business. The analysts outlined three scenarios for Microsoft that put its share price between $18 and $46. Shares in the company were trading down 1.25% premarket at $31.48.
-Ben Eisen; 415-439-6400; AskNewswires@dowjones.com
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09-04-13 1041ETCopyright (c) 2013 Dow Jones & Company, Inc.
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