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UBS Raises Price Target on IBM (IBM) to $150; Remains Sidelined Following 1Q

April 19, 2016 8:28 AM EDT

UBS reiterated a Neutral rating on IBM (NYSE: IBM), and raised the price target to $150.00 (from $132.00), following the company's 1Q earnings report.

Analyst Steven Milunovich commented, "Although we miss the reporting of the software brands in favor of the new categories of... More