IBM (IBM) PT, Estimates Cut at BofA/Merrill Lynch Post Q3

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Go back to IBM (IBM) PT, Estimates Cut at BofA/Merrill Lynch Post Q3

Evercore Partners Downgrades IBM (IBM) to Hold

October 21, 2014 6:51 AM EDT

Evercore Partners downgraded IBM (NYSE: IBM) from Buy to Hold with a price target of $180.00.

For an analyst ratings summary and ratings history on IBM click here. For more ratings news on IBM click here.

Shares of IBM closed at $169.10 yesterday.

... More

RBC Capital Comments on IBM's (IBM) Asset Divestiture; Globalfoundires Going Public

October 20, 2014 3:37 PM EDT

RBC Capital comments on IBM (NYSE: IBM) following news that it is selling it's global commercial semiconductor technology business, including intellectual property, world-class technologists and technologies related to IBM Microelectronics.

Analyst Doug Freedman said, When does Globalfoundries Go Public? When Sanjay K. Jha was appointed CEO in January 2014, many investors thought that the appointment signaled that GlobalFoundries may begin to pursue an IPO in the next 1-2 years from early 2014. Now that we are almost through the calendar year with... More

IBM (IBM) Posts Q3 EPS of $3.68

October 20, 2014 7:05 AM EDT

IBM (NYSE: IBM) reported Q3 EPS of $3.68, $0.64 worse than the analyst estimate of $4.32. Revenue for the quarter came in at $22.4 billion versus the consensus estimate of $23.37 billion.

We are disappointed in our performance. We saw a marked slowdown in September in client buying... More