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Fly News Breaks for January 12, 2017
IBM
Jan 12, 2017 | 09:15 EDT
Stifel analyst David Grossman says that IBM has "significant opportunity" in 2017, as he believes that it can benefit from "margin tailwinds," new mainframe products, and revenue stabilization amid improving mix shift and a new leadership team at its Global Business Services unit. He raised his price target on the shares to $192 from $165 and keeps a Buy rating on the stock.
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