IBM's gloomy forecast weighs down shares
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UBS Cuts IBM's (IBM) Target Price on Weak Software
January 20, 2016 9:37 AM ESTUBS 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
