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Fly News Breaks for April 19, 2016
IBM
Apr 19, 2016 | 07:30 EDT
Deutsche Bank analyst Sherri Scribner views IBM's better than expected Q1 results as "low quality" since more than half of the earnings beat came from a tax benefit. Investors will likely be disappointed after expecting a beat and FY16 guidance raise given improving currency trends and higher sales from acquisitions. The analyst keeps a Hold rating on IBM with a $135 price target.
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