Wells Fargo Resumes IBM (IBM) at Market Perform

Article Stock Quotes (1) Comments (0)

Wells Fargo resumes coverage on IBM (NYSE: IBM) shares with a Market Perform rating and $190-$200 valuation range.

The firm called IBM a "fairly defensive stock given its historical track record of meeting and exceeding guidance, return of solid cash flow in the form of share purchases and dividends, recurring revenue streams, and given that, among its peers, it is furthest along in offering complete solutions (packaged hardware, software, and services targeted to specific verticals or solutions)... However, we believe current valuation of about 12.8x our 2012 EPS estimate of $15.04 limits potential for significant price appreciation..."

For an analyst ratings summary and ratings history on IBM click here. For more ratings news on IBM click here.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• IBM Helps Xiu.com Analyze Big Data to Grow Daily Sales 10 Times
• CEVA Logistics Taps IBM SmartCloud to Deliver Real-time Supply Chain Services to Industry Leaders
• Topeka Capital Starts Cavium Networks (CAVM) at Hold

Create E-mail Alert Related Categories

New Coverage

Related Entities

Dividend, Wells Fargo

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?