IBM Reports 2015 Fourth-Quarter and Full-Year Results
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January 20, 2016 9:37 AM EST
UBS analyst, Steve Milunovich believes IBM (NYSE: IBM) is headed into another transition year. Investors will be bothered by the 6% decline in software revenue despite company assurances it will improve and 2016 EPS is likely to drop 10%. No change to Neutral rating but dropping PT to $132 from $145.
IBM reported 4Q results roughly in-line though a lower... More
January 20, 2016 8:38 AM EST
Jefferies analyst, James Kisner, reiterated his Underperform rating and $110 PT on IBM (NYSE: IBM) following Q4 results. Weakness in software and services bookings continue to plague the company.
Adjusting for taxes, Q4 EPS missed consensus. CY16 EPS and FCF guidance was disappointing... More
January 20, 2016 8:18 AM EST
Drexel Hamilton maintained a Buy rating on IBM (NYSE: IBM), and cut the price target to $160.00 (from $170.00), following the company's 4Q earnings report. Drexel expects that IBM will remain in transition mode in 2016; however, the company has set the EPS bar low and sentiment... More
January 20, 2016 7:17 AM EST
RBC Capital maintained a Sector Perform rating on IBM (NYSE: IBM), and cut the price target to $135.00 (from $145.00), following the company's 4Q warnings report. IBM reported revenue of $22.1B which was in-line with Street expectations, while operating EPS of $4.84 was ahead of Street estimates of $4.81.
Analyst... More
