IBM (IBM) Tops Q2 EPS by 6c; Reaffirms Outlook

Deutsche Bank Raises Price Target on IBM (IBM) to $145 Following 2Q Results

July 19, 2016 10:15 AM EDT

Deutsche Bank reiterated a Hold rating on IBM (NYSE: IBM), and raised the price target to $145.00 (from $135.00), following the company's 2Q earnings report. Both sales and EPS came in above expectations. However, IBM benefited by 2ppt Y/Y, or roughly $400M from acquisitions. Excluding... More

UBS Remains Sidelined on IBM (IBM) Following 2Q - PT to $160

July 19, 2016 9:19 AM EDT

UBS reiterated a Neutral rating on IBM (NYSE: IBM), and raised the price target to $160.00 (from $150.00), following the company's 2Q earnings report.

Analyst Steven Milunovich commented, "Our view on IBM has been steadfastly neutral. We think the bears don't give IBM... More

BMO Capital Raises Price Target on IBM (IBM) to $165; Reiterates Market Perform

July 19, 2016 8:46 AM EDT

BMO Capital reiterated a Market Perform rating on IBM (NYSE: IBM), and raised the price target to $165.00 (from $155.00), following the company's 2Q earnings report.

Analyst Keith Bachman commented, "In terms of the quarter, we have mixed views. Revenue growth in the June Q... More

Drexel Hamilton Raises price Target on IBM (IBM) to $186 Following Strong 2Q Report

July 19, 2016 7:24 AM EDT

Drexel Hamilton reiterated a Buy rating on IBM (NYSE: IBM), and raised the price target to $186.00 (from $166.00), following the company's 2Q earnings report. IBM reported 2Q sales of $20.24 billion, ahead of the Street estimate of $20.05 billion. Pro forma EPS of $2.95 was above the Street's estimate of... More

IBM revenue beats estimates as shift to cloud pays off

July 18, 2016 4:15 PM EDT

By Anya George Tharakan

(Reuters) - International Business Machines Corp's quarterly revenue beat analysts' expectations as the company's shift to high-growth areas such as cloud-based services begins to yield results.

IBM also stood by its full-year forecast for adjusted earnings of at least $13.50 per share, dispelling any concerns about the impact from Britain's vote to leave the European Union.

"Investors were a little bit nervous about the guidance, and they'll find a little relief that the... More