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RBC Capital Cuts Price target on IBM (IBM) Ahead of 3Q15 Results

October 5, 2015 7:44 AM EDT

RBC Capital reiterated a Sector Perform rating on IBM (NYSE: IBM), and cut the price target to $155.00 (from $170.00), ahead of the company's 3Q15 earnings results.

Analyst Amit Daryanani commented, "We are adjusting estimates for Dec-qtr and FY16 to reflect several moving parts: Negatively, we are... More