Goldman Sachs Upgrades IBM (IBM) to Buy
Tweet
Share
E-mail
Get Alerts IBM Hot Sheet
Price: $234.32 -1.19%
Rating Summary:
19 Buy, 22 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
19 Buy, 22 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Goldman Sachs upgraded IBM (NYSE: IBM) from Neutral to Buy and raises its price target to $195 (up from $170).
The firm said IBM's recurring profit stream, continued success in growth markets, and diversified business mix provide important counter-cyclical attributes to its earnings profile.
"We believe this historical counter-cyclicality will attract incremental investor interest in coming months and allow IBM to enjoy continued outperformance."
For more ratings news on IBM click here and for the rating history of IBM click here.
Shares of IBM closed at $168.20 yesterday.
The firm said IBM's recurring profit stream, continued success in growth markets, and diversified business mix provide important counter-cyclical attributes to its earnings profile.
"We believe this historical counter-cyclicality will attract incremental investor interest in coming months and allow IBM to enjoy continued outperformance."
For more ratings news on IBM click here and for the rating history of IBM click here.
Shares of IBM closed at $168.20 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- Pro Diversity Network (IPDN) Reports Q2 Loss of $0.15
- Bernstein SocGen Group Reiterates Outperform Rating on JD.com, Inc (JD), 'very cheaply valued'
Create E-mail Alert Related Categories
Hot Upgrades, UpgradesRelated Entities
Goldman Sachs, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
