Microsoft shares undervalued: Friedman Billings (MSFT) By Ciara Linnane
NEW YORK (CBS.MW) -- Analyst David Halial at Friedman Billings Ramsey reiterated an "outperform" rating on Microsoft (MSFT) with a $35 price target and said a "sum-of-the-parts" analysis of the company's seven business units and cash trove suggests its shares are undervalued.