Sterne Agee Maintains a 'Buy' on IBM (IBM); June Quarter Preview; Will There Be a Guide Down?
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Price: $205.72 -0.21%
Rating Summary:
8 Buy, 15 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
8 Buy, 15 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
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Sterne Agee maintains a 'Buy' on IBM (NYSE: IBM) price target of $230.00.
Analyst, Shaw Wu, said, "Based on our supply chain work, we anticipate in-line revenue and a slight beat on EPS. For its outlook, we believe the company will stick with its recent 2012 EPS view of at least $15.00. We continue to believe IBM is among the best plays in the enterprise space given its lead in analytics, big data, and cloud."
"Our sense talking to investors is that expectations are fairly modest where many commented they wouldn't be surprised with a top-line miss. Many major technology companies including Cisco (Nasdaq: CSCO), H-P (NYSE: HPQ), Dell (Nasdaq: DELL), Juniper (Nasdaq: JNPR), and AMD (NYSE: AMD), have guided down estimates...Given widespread investor concerns with the macroeconomic environment, we believe a reaffirmation will be viewed as positive."
For an analyst ratings summary and ratings history on IBM click here. For more ratings news on IBM click here.
Shares of IBM closed at $184.79 yesterday, with a 52 week range of $157.13-$210.69.
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Analyst, Shaw Wu, said, "Based on our supply chain work, we anticipate in-line revenue and a slight beat on EPS. For its outlook, we believe the company will stick with its recent 2012 EPS view of at least $15.00. We continue to believe IBM is among the best plays in the enterprise space given its lead in analytics, big data, and cloud."
"Our sense talking to investors is that expectations are fairly modest where many commented they wouldn't be surprised with a top-line miss. Many major technology companies including Cisco (Nasdaq: CSCO), H-P (NYSE: HPQ), Dell (Nasdaq: DELL), Juniper (Nasdaq: JNPR), and AMD (NYSE: AMD), have guided down estimates...Given widespread investor concerns with the macroeconomic environment, we believe a reaffirmation will be viewed as positive."
For an analyst ratings summary and ratings history on IBM click here. For more ratings news on IBM click here.
Shares of IBM closed at $184.79 yesterday, with a 52 week range of $157.13-$210.69.
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