Davenport Downgrades IBM (IBM) to Neutral, Maintains $189 Price Target

July 7, 2011 8:00 AM EDT Send to a Friend
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Price: $205.72 -0.21%

Rating Summary:
    8 Buy, 15 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 18 | New: 13
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Davenport downgraded shares of IBM (NYSE: IBM) to a Neutral rating from its previous rating of Buy, but reiterated its $189 price target.

For more ratings news on IBM click here and for the rating history of IBM click here.

Shares of IBM closed at $177.71 yesterday, with a 52 week range of $110.00-$177.77.


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