IBM (IBM) Tops Q2 EPS by 6c; Reaffirms Outlook
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Deutsche Bank Raises Price Target on IBM (IBM) to $145 Following 2Q Results
July 19, 2016 10:15 AM EDTDeutsche Bank reiterated a Hold rating on IBM (NYSE: IBM), and raised the price target to $145.00 (from $135.00), following the company's 2Q earnings report. Both sales and EPS came in above expectations. However, IBM benefited by 2ppt Y/Y, or roughly $400M from acquisitions. Excluding... More
UBS Remains Sidelined on IBM (IBM) Following 2Q - PT to $160
July 19, 2016 9:19 AM EDTUBS reiterated a Neutral rating on IBM (NYSE: IBM), and raised the price target to $160.00 (from $150.00), following the company's 2Q earnings report.
Analyst Steven Milunovich commented, "Our view on IBM has been steadfastly neutral. We think the bears don't give IBM... More
BMO Capital Raises Price Target on IBM (IBM) to $165; Reiterates Market Perform
July 19, 2016 8:46 AM EDTBMO Capital reiterated a Market Perform rating on IBM (NYSE: IBM), and raised the price target to $165.00 (from $155.00), following the company's 2Q earnings report.
Analyst Keith Bachman commented, "In terms of the quarter, we have mixed views. Revenue growth in the June Q... More
Drexel Hamilton Raises price Target on IBM (IBM) to $186 Following Strong 2Q Report
July 19, 2016 7:24 AM EDTDrexel Hamilton reiterated a Buy rating on IBM (NYSE: IBM), and raised the price target to $186.00 (from $166.00), following the company's 2Q earnings report. IBM reported 2Q sales of $20.24 billion, ahead of the Street estimate of $20.05 billion. Pro forma EPS of $2.95 was above the Street's estimate of... More
IBM revenue beats estimates as shift to cloud pays off
July 18, 2016 4:15 PM EDTBy Anya George Tharakan
(Reuters) - International Business Machines Corp's quarterly revenue beat analysts' expectations as the company's shift to high-growth areas such as cloud-based services begins to yield results.
IBM also stood by its full-year forecast for adjusted earnings of at least $13.50 per share, dispelling any concerns about the impact from Britain's vote to leave the European Union.
"Investors were a little bit nervous about the guidance, and they'll find a little relief that the... More
