Canaccord Genuity Maintains a 'Buy' on IBM (IBM); The Japanese Impact
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Price: $234.32 --0%
Rating Summary:
19 Buy, 22 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
Rating Summary:
19 Buy, 22 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
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Canaccord Genuity maintains a 'Buy' on IBM (NYSE: IBM), PT $180.
Canaccord analyst says, "We are maintaining our recommendation on IBM following the recent disaster in Japan. While it is still unknown the true impact of the earth quake, tsunami and the ongoing nuclear power plant crisis, we have decided to highlight to investors the potential implications to the company as a whole. With the share price down 5.5% since the close last Friday (due to events in Japan and an analyst downgrade), shaving the market cap by almost $11 billion, the share price will likely continue to be under pressure until the Japanese nuclear crisis concludes. If a nuclear meltdown and material radiation leakage is avoided, IBM should have sufficient levers within its war chest to maintain its 2015 EPS target of $20 per share."
For more ratings news on IBM click here and for the rating history of IBM click here.
Shares of IBM closed at $153.00 yesterday.
Canaccord analyst says, "We are maintaining our recommendation on IBM following the recent disaster in Japan. While it is still unknown the true impact of the earth quake, tsunami and the ongoing nuclear power plant crisis, we have decided to highlight to investors the potential implications to the company as a whole. With the share price down 5.5% since the close last Friday (due to events in Japan and an analyst downgrade), shaving the market cap by almost $11 billion, the share price will likely continue to be under pressure until the Japanese nuclear crisis concludes. If a nuclear meltdown and material radiation leakage is avoided, IBM should have sufficient levers within its war chest to maintain its 2015 EPS target of $20 per share."
For more ratings news on IBM click here and for the rating history of IBM click here.
Shares of IBM closed at $153.00 yesterday.
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