IBM (BM) option implied volatility elevated as shares rally into Q1

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Citi Remains Sidelined on IBM (IBM) Following 1Q

April 18, 2018 7:13 AM EDT

Citi reiterated a Neutral rating and $165.00 price target on IBM (NYSE: IBM) following the company's 1Q earnings report. IBM posted positive revenue growth of 5% year over year. IBM maintains its full year financial targets of at least $13.80 EPS (consensus at $13.83) and $12 billion in free... More