Barclays on IBM (IBM); Leading the 'Industrialization' of Large-Cap Tech Stocks

Barclays maintains an 'Equalweight' on IBM (NYSE: IBM) price target of $217.00.

Analyst, Ben A. Reitzes, feels that IBM has started a new 'Industrialization' trend in technology and is the current leader in this new space. Reitzes compares IBM to several industrial companies, specifically multiple expansion, and is currently well ahead of HP (NYSE: HPQ), Dell (Nasdaq: DELL) and Microsoft (Nasdaq: MSFT). Currently, IT hardware stocks have an average multiple around 10x, and industrial stocks are closer to 16.5x.

Reitzes and other Barclays analysts will comment further on the Company and the stock's development after IBM analyst on May 9th.

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 $204.99 yesterday.

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