IBM (IBM) Tops Q2 EPS by 23c, Reaffirms Forecast
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July 19, 2017 8:25 AM EDT
Drexel Hamilton reiterated a Buy rating and $200.00 price target on IBM (NYSE: IBM) following the company's 2Q earnings report. IBM reported 2Q sales of $19.29 billion that missed the Street estimates at $19.45 billion. EPS of $2.97 beat the Street's estimate of $2.75. A lower tax rate added... More
July 19, 2017 8:10 AM EDT
RBC Capital lowered its price target on IBM (NYSE: IBM) to $160.00 (from $165.00) while maintaining a Sector Perform rating following 2Q. IBM reported 2Q revenue of $19.3B, which was below consensus expectations of $19.5B. Operating EPS of $2.97 was ahead of Street estimates of $2.74 and benefited from discrete... More
July 19, 2017 7:16 AM EDT
Jefferies lowered its price target on IBM (NYSE: IBM) to $125.00 (from $154.00) while maintaining a Underperform rating following the company's 2Q earnings report. 2Q revenue hit $19.29B, down 3% c.c and missing Consensus of $19.5B. Technology and Services revenue was soft, hitting $8.40B vs. the... More
