Sterne Agee Maintains a 'Buy' on IBM (IBM); Takeaways From Investor Briefing
Get Alerts IBM Hot Sheet
Price: $168.91 -8.25%
Rating Summary:
12 Buy, 23 Hold, 4 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
12 Buy, 23 Hold, 4 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Sterne Agee maintains a 'Buy' on IBM (NYSE: IBM) price target of $230.00.
Analyst, Shaw Wu, said, "Yesterday (05/09/12), we attended an IBM investor briefing held at its Thomas Watson Research Center in Yorktown Heights, NY. The key takeaway is that despite macroeconomic challenges, the company remains comfortable with its 2015 roadmap of at least $20.00 in EPS. In addition, PureSystems, its next-generation server architecture, is poised to drive a multi-year upgrade cycle starting in the 2H."
"IBM is arguably the model company in the enterprise space others are trying to emulate. We believe the company's pioneering vision that the value-added in IT is software and services has given it strategic and structural advantages."
For an analyst ratings summary and ratings history on IBM click here. For more ratings news on IBM click here.
Shares of IBM closed at $201.23 yesterday.
Analyst, Shaw Wu, said, "Yesterday (05/09/12), we attended an IBM investor briefing held at its Thomas Watson Research Center in Yorktown Heights, NY. The key takeaway is that despite macroeconomic challenges, the company remains comfortable with its 2015 roadmap of at least $20.00 in EPS. In addition, PureSystems, its next-generation server architecture, is poised to drive a multi-year upgrade cycle starting in the 2H."
"IBM is arguably the model company in the enterprise space others are trying to emulate. We believe the company's pioneering vision that the value-added in IT is software and services has given it strategic and structural advantages."
For an analyst ratings summary and ratings history on IBM click here. For more ratings news on IBM click here.
Shares of IBM closed at $201.23 yesterday.
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