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

July 7, 2011 8:00 AM EDT
Get Alerts IBM Hot Sheet
Price: $234.32 -1.19%

Rating Summary:
    19 Buy, 22 Hold, 5 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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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.


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