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Fly News Breaks for July 19, 2016
IBM
Jul 19, 2016 | 07:23 EDT
Deutsche Bank analyst Sherri Scribner says that while IBM results, on the surface, seem to be improving, she continues to see areas of concern. Excluding acquisitions, the organic business continues to decline, and a deceleration in Strategic Imperatives growth remains an area to watch, Scribner tells investors in a post-earnings research note. She raised her price target for IBM to $145 from $135 and keeps a Hold rating on the shares following the company's Q2 results.
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