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Fly News Breaks for October 17, 2018
IBM
Oct 17, 2018 | 07:36 EDT
UBS analyst John Roy noted IBM reported a decline in revenues in Q3, but he liked what he saw in margins and earnings. He thinks the stock could see some weakness from the revenue decline and if so, he would be a buyer of the share as the operational fixes will likely stay with the business units and the upside from bottoming revenue should start to work, particularly given the negative sentiment around the stock. Roy reiterated his Buy rating and $180 price target on IBM shares.
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