Societe Generale Downgrades IBM (IBM) to Sell

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Janney Montgomery Scott Downgrades IBM (IBM) to Neutral

October 17, 2012 7:12 AM EDT

Janney Montgomery Scott downgraded IBM (NYSE: IBM) from Buy to Neutral with a price target of $209.00 (from $225.00) following mixed third quarter results.

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IBM (IBM) Reports In-Line Q3 EPS

October 16, 2012 4:11 PM EDT

IBM (NYSE: IBM) reported Q3 EPS of $3.62, in-line with the analyst estimate of $3.62. Revenue for the quarter came in at $24.7 billion versus the consensus estimate of $25.38 billion.IBM reaffirmed FY2012 guidance.

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