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IBM

IBM

$162.22

-1.31 (-0.80%)

07:47
12/01/16
12/01
07:47
12/01/16
07:47

IBM likely decline in earnings not reflected in stock, says Jefferies

Jefferies analyst James Kisner said his analysis suggests that IBM's software service/support revenue may have declined 4% in calendar 2015 and could also be falling organically this year, which he calls "particularly troubling" in light of steep declines in transactional sales. Continuing annual declines of roughly 3% in the Software business could drive a 5-6% headwind to EPS annually through 2020, Kisner tells investor. The analyst cut his EPS estimates for IBM based on reduced expectations for the Software business and expectations for 2017 IP Income to be below consensus. Kisner reiterates his Underperform rating and $125 price target on IBM shares.

  • 01

    Dec

IBM IBM
$162.22

-1.31 (-0.80%)

10/18/16
FBCO
10/18/16
NO CHANGE
Target $110
FBCO
Underperform
IBM operational earnings disappoint, says Credit Suisse
Credit Suisse analyst Kulbinder Garcha said IBM reported Q3 earnings came in above expectations but operational earnings were disappointing. The analyst continues to believe 2017 earnings estimates are optimistic and reiterates his Underperform rating and $110 price target on shares.
11/10/16
BOFA
11/10/16
UPGRADE
BOFA
Buy
IBM upgraded to Buy from Neutral at BofA/Merrill
11/10/16
11/10/16
UPGRADE
Target $185

Buy
IBM upgraded to Buy on earnings growth at BofA/Merrill
As previously reported, BofA/Merrill upgraded IBM to Buy from Neutral and raised its price target to $185 from $170. Analyst Wamsi Mohan expects 2017 profits to grow as earnings have stabilized and negative revisions are unlikely and expects tailwinds from moderating pace of investments and savings from restructuring efforts. Further, the analyst expects IBM transnational revenues to recovery driven by the mainframe cycle in 2017 and the adoption of a Hybrid cloud model. Mohan said IBM is the most under owned tech named by large-cap US fund managers and provides upside from accumulation.
11/10/16
11/10/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Priceline (PCLN) upgraded to Buy from Hold at Stifel while the firm upgraded Expedia (EXPE) to Hold from Sell. 2. IBM (IBM) upgraded to Buy from Neutral at BofA/Merrill with analyst Wamsi Mohan expecting 2017 profits to grow as earnings have stabilized and negative revisions are unlikely and expects tailwinds from moderating pace of investments and savings from restructuring efforts. 3. L-3 Communications (LLL) and Northrop Grumman (NOC) upgraded to Overweight from Equal Weight at Barclays while the firm upgraded Lockheed Martin (LMT) to Equal Weight from Underweight. 4. Microsoft (MSFT) upgraded to Neutral from Underweight at Atlantic Equities. 5. Novartis (NVS) upgraded to Buy from Hold at Argus. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SSNI

Silver Spring

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SPNC

Spectranetics

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7.95 (26.15%)

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ARNA

Arena Pharmaceuticals

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CCJ

Cameco

$9.53

0.1056 (1.12%)

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CUBN

Commerce Union Bancshares

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1.54 (6.29%)

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  • 18

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PFE

Pfizer

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-0.02 (-0.06%)

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General news
Jobless Claims data reported »

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General news
Real GDP data reported »

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INPX

Inpixon

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Syndicate
Inpixon raises $6M in a public offering of common stock and warrants »

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OA

Orbital ATK

$98.71

1.7 (1.75%)

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CST

CST Brands

, LBIO

Lion Biotechnologies

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Options
One new option listing and two option delistings on June 29th »

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CST

CST Brands

LBIO

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MCD

McDonald's

$154.30

0.58 (0.38%)

08:26
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GE

General Electric

$27.08

-0.13 (-0.48%)

08:22
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08:22
Upgrade
General Electric rating change  »

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  • 02

    Oct

$DJT

DJ Transportation Average

08:21
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Technical Analysis
DJ Transportation Average: Pivot points »

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$DJU

DJ Utility Average

08:20
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Technical Analysis
DJ Utility Average: Pivot points »

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DJX

Dow Jones Industrial Average

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Technical Analysis
Dow Jones Industrial Average: Pivot points »

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TRN

Trinity Industries

$28.35

1.05 (3.85%)

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IYT

iShares Transportation Average

$171.36

2.41 (1.43%)

08:20
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Technical Analysis
iShares Transportation Average: Pivot points »

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08:20
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PRO

PROS

$26.59

0.65 (2.51%)

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XLK

Technology Select Sector SPDR

$55.77

0.69 (1.25%)

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XLE

Energy Select Sector SPDR

$64.49

0.35 (0.55%)

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XLY

Consumer Discretionary Sector SPDR

$90.03

0.9 (1.01%)

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XLB

S&P Select Materials SPDR

$54.17

0.49 (0.91%)

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Technical Analysis
S&P Select Materials SPDR: Pivot points »

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XLU

Utilities SPDR

$52.46

-0.51 (-0.96%)

08:18
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Technical Analysis
Utilities SPDR: Pivot points »

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