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Fly News Breaks for June 22, 2017
IBM
Jun 22, 2017 | 09:46 EDT
Cleveland Research initiated IBM with a Neutral with a $154 price target saying channel sentiment has improved over the last six months driven by better installed base retention and wallet share gains from cloud and software as a service offerings. The analyst is slightly ahead of consensus for earnings through FY19 and said there could be some upside to revenue assumptions should Services stabilize adn partner growth outlooks materialize.
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