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Fly News Breaks for December 17, 2018
IBM
Dec 17, 2018 | 07:11 EDT
RBC Capital analyst Amit Daryanani lowered his calendar year 2019 and 2020 revenue and EPS forecast for IBM to reflect software asset sales and the fact that recent foreign exchange moves have been worse than what the company guided for, creating another potential headwind. Given his lower estimates, Daryanani cut his price target on IBM shares to $167 but maintains an Outperform rating on the stock.
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