IBM (IBM) Sees FY16 EPS of at Least $13.50 vs Consensus of $15
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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 8:18 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
