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RBC Capital Cuts Price Target on IBM (IBM) Following 4Q EPS Beat

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