Standpoint Research Upgrades IBM (IBM) to Buy

July 19, 2017 1:24 PM EDT
Get Alerts IBM Hot Sheet
Price: $129.35 -1.12%

Rating Summary:
    13 Buy, 22 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 25 | Down: 19 | New: 35
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Standpoint Research upgraded IBM (NYSE: IBM) from Hold to Buy.

Analyst Ronnie Moas comments that there some improvement being made and he believes the bad news and concerns appear to be priced in. He comments further "The bet here is that margins may have bottomed out and stabilized and a margin bounce from here could get the share price back near $180 by 2018-2019."

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 $154.00 yesterday.

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