IBM (IBM) Tops Q2 EPS by 6c; Reaffirms Outlook
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July 19, 2016 10:15 AM EDT
Deutsche 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
July 19, 2016 9:19 AM EDT
UBS 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
July 19, 2016 8:46 AM EDT
BMO 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
July 19, 2016 7:24 AM EDT
Drexel 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
July 18, 2016 4:15 PM EDT
By 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
