IBM (IBM) Reports 3c EPS Beat; RBC Capital Cuts Price Target to $150

IBM (IBM) Reports Weak 3Q Revenues; UBS Cuts Price Target to $145

October 20, 2015 9:57 AM EDT

UBS maintained a Neutral rating on IBM (NYSE: IBM), and cut the price target to $145.00 (from $170.00), following the company's 3Q15 earnings results. IBM reported weak revenues, missing consensus. EPS Beat Consensus estimates by 4c.

Analyst Steven Milunovich commented, "IBM reported a weak... More

Deutsche Bank Cuts Price Target Following IBM's (IBM) 4c EPS Beat

October 20, 2015 9:22 AM EDT

Deutsche Bank maintained a Hold rating on IBM (NYSE: IBM), and cut the price target to $150.00 (from $160.00), following the company's 3Q15 earnings report. IBM reported F3Q-15 sales of $19.28B and EPS of $3.34, mixed versus the
Street at $19.6B / $3.30.

Analyst Sherri... More

Drexel Hamilton Cuts Price Target to $170 Following IBM (IBM) 3Q Results

October 20, 2015 8:56 AM EDT

Drexel Hamilton reiterated a Buy rating on IBM (NYSE: IBM), and cut the price target to $170.00 (from $176.00), following the company's 3Q15 earnings results. Analyst Brian White continues to believe that IBM represents an attractive contrarian play for investors given that the sell-side analyst... More

IBM (IBM) Beat 3Q EPS by 3c; Jefferies Remains Bearish

October 20, 2015 7:57 AM EDT

Jefferies reiterated an Underperform rating and $125.00 price target on IBM (NYSE: IBM) following the company's 3Q15 earnings report. Q3 revenue hit $19.28B, missing Consensus of $19.6B. Q3 EPS of $3.34 modestly beat the Street's $3.31. IBM guided 2015 EPS to $14.75- $15.75 vs. prior guidance of $15.75-$16.50 (Street = $15.67).... More

Wall Street ends down with healthcare, IBM; United Tech rises

October 20, 2015 7:13 AM EDT

By Caroline Valetkevitch

(Reuters) - U.S. stocks ended slightly lower on Tuesday as a decline in healthcare and biotech stocks offset gains in United Technologies and Verizon.

A 5.7 percent drop to $140.64 in IBM (NYSE: IBM) also weighed on the market. The stock hit a five-year intraday low at $140.28 after it reported a bigger-than-expected decline in quarterly revenue and cut its full-year profit forecast.

The S&P healthcare sector fell 1.5 percent, while the Nasdaq Biotech Index dropped 3.2 percent. Concerns about drug pricing have hit biotech and other healthcare shares.

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BMO Capital Cuts Price Target to $155 Following IBM's (IBM) 3Q Earnings

October 20, 2015 6:51 AM EDT

BMO Capital maintained a Market Perform rating on IBM (NYSE: IBM), and cut the price target to $155.00 (from $165.00), following the company's 3Q15 earnings results. Analyst Keith Bachman believes that IBM faces a long transition driven by pressure in legacy business units/products that... More

After-Hours Movers 10/19: (ERII) (SNDK) (FLEX) Higher; (RMBS) (HXL) (IBM) Lower (more...)

October 19, 2015 6:08 PM EDT

Energy Recovery (NASDAQ: ERII) 118.3% HIGHER; announced a 15-year deal with Schlumberger Technology Corporation, the world's leading supplier of geoscience, engineering, drilling, and data management software products and computing services for the exploration and production industry. The agreement provides exclusive rights to Energy Recovery's VorTeq hydraulic pumping system, the first hydraulic fracturing manifold ("missile") built to isolate hydraulic fracturing pumps from abrasive proppants that cause pump failure.

Neos Therapeutics (NASDAQ: NEOS) 17.1% LOWER; announced that, on... More

Market Wrap: China Data Stunts Markets; Weight Watchers Inks Major Deal; Western Digital/SanDisk Deal Nears

October 19, 2015 5:24 PM EDT

Market wrap for October 19th

End of the Day: S&P 500 up 0.6 to 2,033.66; Dow Jones up 14.6 to 17,230.54; Nasdaq up 18.8 to 4,905.47

Market Brief: U.S. markets were lower Monday following news that China's economy grew 6.9 percent in the quarter, which was the first time the metric came in below 7 percent since 2009. China's overall growth target for 2015 is about 7 percent.

U.S. housing market levels are at the highest level seen in about 10 years, according to the NAHB.

IBM and Morgan Stanley had... More

IBM revenue falls more than expected, cuts profit forecast

October 19, 2015 4:09 PM EDT

By Lehar Maan and Abhirup Roy

(Reuters) - International Business Machines Corp (NYSE: IBM) posted a bigger-than-expected drop in revenue and cut its full-year profit forecast, as a stronger U.S. dollar accentuated weakness in demand from China and emerging markets.

It was the 14th quarter in a row that IBM has posted a reduction in revenue, as the world's largest technology services company gets rid of low-margin businesses, but has so far failed to make up the shortfall with newer initiatives in the more lucrative area of cloud computing.

Shares of IBM fell 4.8... More

IBM (IBM) Tops Q3 EPS by 4c; Updates FY15 EPS Outlook

October 19, 2015 4:06 PM EDT

IBM (NYSE: IBM) reported Q3 EPS of $3.34, $0.04 better than the analyst estimate of $3.30. Revenue for the quarter came in at $19.28 billion versus the consensus estimate of $19.62 billion.

"In the third quarter we again made progress in the transformation of our business to higher value, with strong growth in our strategic imperatives and expanded operating margins, said Ginni Rometty, IBM chairman, president and... More

Wall St. near flat; energy shares weigh while tech helps

October 19, 2015 7:25 AM EDT

By Caroline Valetkevitch

(Reuters) - Advances in top tech and biotech names helped U.S. stocks to end with slight gains on Monday, while caution at the start of a heavy week of earnings kept a lid on the market.

The Dow and S&P 500 pared losses late in the session while the Nasdaq added to gains. Nike (NYSE: NKE), up 2.1 percent, helped the Dow, while gains in Apple (NASDAQ: AAPL) and Intel (NASDAQ: INTC) supported all three major indexes.

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Trading Radar for 10/19: Morgan Stanley (MS), IBM (IBM), Halliburton (HAL), Genuine Parts (GPC), Rambus (RMBS) Report

October 16, 2015 3:11 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Earnings:

Genuine Parts (NYSE: GPC) - consensus EPS $1.24
Halliburton (NYSE: HAL) - consensus EPS $0.28
Hasbro (Nasdaq: HAS) - consensus EPS $1.53
Lennox Int'l (NYSE:... More

Cantor Fitzgerald Starts IBM (IBM) at Hold

October 16, 2015 7:41 AM EDT

Cantor Fitzgerald initiated coverage on IBM (NYSE: IBM) with a Hold rating and a price target of $148.00.

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 $150.09 yesterday.

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