HSBC downgrades IBM to Reduce, says "synthetic IBM" offers better value

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Accenture plc (NYSE: ACN) Delayed: 249.37 -9.37 (3.62%)
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International Bus. Machines (NYSE: IBM) Delayed: 253.56 --0 (-0%)
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SAP AKTIENGESELLSCHAFT (NYSE: SAP) Delayed: 238.14 -2.45 (1.02%)
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