Argus Upgrades IBM (IBM) to Buy

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/30/2026

1. SPY
2. AVAV
3. NVDA
4. MU
5. DLR
6. EOSE
7. NKE
8. AAPL
9. TSLA
10. VSH

August 26, 2015 7:37 AM EDT
Get Alerts IBM Hot Sheet
Price: $281.21 +1.15%

Rating Summary:
    20 Buy, 20 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 20 | New: 39
Join SI Premium – FREE

Argus upgraded IBM (NYSE: IBM) from Hold to Buy with a price target of $175.00.

The firm notes the upgrade is primarily on valuation. They note IBM trades at 9.2-times our 2015 EPS forecast and at 8.8-times our 2016 forecast, compared to a five-year (2010-2014) average P/E of 11.6.

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 $140.96 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Upgrades

Related Entities

Argus