Fly News Breaks for January 20, 2017
IBM
Jan 20, 2017 | 08:43 EDT
Goldman analyst James Schneider said IBM's headline metrics were solid but the underlying quality of earnings remains very low as IP income and lower taxes offset lower gross margin. Schneider believes significant gross margin deterioration across the business indicates the company will need to continue reinvesting to stabilize revenue. The analyst thinks an organic revenue inflection is needed to drive multiple expansion from current levels and maintains his Neutral rating and $145 price target on IBM shares.
News For IBM From the Last 2 Days
IBM
Apr 15, 2024 | 08:15 EDT
Evercore ISI is adding IBM (IBM) to the firm's "Tactical Outperform" list ahead of the company's March-end quarter results announcement on Wednesday April 24 as it expects the company to report revenue and EPS that are in-line to showing moderate upside compared to consensus estimates. Though there have been concerns surrounding the potential for weakness in Consulting given softness at Accenture (ACN), Evercore thinks recent macro and IT spending data points have been improving and Consulting momentum should continue, says the firm, which hsa an Outperform rating and $215 price target on IBM shares.