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Fly News Breaks for January 23, 2019
IBM
Jan 23, 2019 | 07:55 EDT
Wells Fargo analyst Ed Caso lowered his price target for IBM to $140 from $155 to reflect a lower market multiple and the lack of 2020-2021 share repurchase expected, offset by signs of further progress in its digital transition. The analyst reiterates a Market Perform rating on the shares.
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