Reported 2 days ago
Bank of America has downgraded IBM's price target from $320 to $310 following a mixed financial quarter, yet they continue to recommend the stock as a 'Buy.' IBM's adjusted earnings per share exceeded estimates at $2.80, and revenue also surpassed expectations at $16.98 billion. The bank believes that while IBM's software growth is being closely watched, the company's overall trajectory remains positive.
Source: YAHOO