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IBM

IBM

$162.22

-1.31 (-0.80%)

07:47
12/01/16
12/01
07:47
12/01/16
07:47

IBM likely decline in earnings not reflected in stock, says Jefferies

Jefferies analyst James Kisner said his analysis suggests that IBM's software service/support revenue may have declined 4% in calendar 2015 and could also be falling organically this year, which he calls "particularly troubling" in light of steep declines in transactional sales. Continuing annual declines of roughly 3% in the Software business could drive a 5-6% headwind to EPS annually through 2020, Kisner tells investor. The analyst cut his EPS estimates for IBM based on reduced expectations for the Software business and expectations for 2017 IP Income to be below consensus. Kisner reiterates his Underperform rating and $125 price target on IBM shares.

  • 01

    Dec

IBM IBM
$162.22

-1.31 (-0.80%)

10/18/16
FBCO
10/18/16
NO CHANGE
Target $110
FBCO
Underperform
IBM operational earnings disappoint, says Credit Suisse
Credit Suisse analyst Kulbinder Garcha said IBM reported Q3 earnings came in above expectations but operational earnings were disappointing. The analyst continues to believe 2017 earnings estimates are optimistic and reiterates his Underperform rating and $110 price target on shares.
11/10/16
BOFA
11/10/16
UPGRADE
BOFA
Buy
IBM upgraded to Buy from Neutral at BofA/Merrill
11/10/16
11/10/16
UPGRADE
Target $185

Buy
IBM upgraded to Buy on earnings growth at BofA/Merrill
As previously reported, BofA/Merrill upgraded IBM to Buy from Neutral and raised its price target to $185 from $170. Analyst Wamsi Mohan expects 2017 profits to grow as earnings have stabilized and negative revisions are unlikely and expects tailwinds from moderating pace of investments and savings from restructuring efforts. Further, the analyst expects IBM transnational revenues to recovery driven by the mainframe cycle in 2017 and the adoption of a Hybrid cloud model. Mohan said IBM is the most under owned tech named by large-cap US fund managers and provides upside from accumulation.
11/10/16
11/10/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Priceline (PCLN) upgraded to Buy from Hold at Stifel while the firm upgraded Expedia (EXPE) to Hold from Sell. 2. IBM (IBM) upgraded to Buy from Neutral at BofA/Merrill with analyst Wamsi Mohan expecting 2017 profits to grow as earnings have stabilized and negative revisions are unlikely and expects tailwinds from moderating pace of investments and savings from restructuring efforts. 3. L-3 Communications (LLL) and Northrop Grumman (NOC) upgraded to Overweight from Equal Weight at Barclays while the firm upgraded Lockheed Martin (LMT) to Equal Weight from Underweight. 4. Microsoft (MSFT) upgraded to Neutral from Underweight at Atlantic Equities. 5. Novartis (NVS) upgraded to Buy from Hold at Argus. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CLBS

Caladrius

$4.19

0.03 (0.72%)

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Caladrius completes enrollment of Phase 2 T-Rex Study »

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UBS

UBS

$19.48

0.06 (0.31%)

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Technical Analysis
Technical Take: UBS hits new 52-week high, analyst action »

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MGA

Magna

$59.67

1.63 (2.81%)

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Magna analyst commentary  »

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NBRV

Nabriva Therapeutics

$6.39

0.39 (6.50%)

08:35
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01/18
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Initiation
Nabriva Therapeutics initiated  »

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FAT

Fat Brands

$9.04

-0.53 (-5.54%)

08:35
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Fat Brands announces international development deal with FB Scotland »

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  • 29

    Mar

OAKS

Five Oaks

$3.04

-0.04 (-1.30%)

08:34
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Hot Stocks
Hunt acquires approximately 9.5% of Five Oaks common stock at $4.77 per share »

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GILD

Gilead

$81.74

1.49 (1.86%)

, PFE

Pfizer

$37.18

0.58 (1.58%)

08:33
01/18/18
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Hot Stocks
Kite, Pfizer to collaborate to evaluate combination of Yescarta, utomilumab »

Kite, a Gilead Company…

GILD

Gilead

$81.74

1.49 (1.86%)

PFE

Pfizer

$37.18

0.58 (1.58%)

03/08/13
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03/06/13
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03/06/13
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  • 25

    Jan

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    Jan

  • 06

    Feb

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    Feb

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    Feb

  • 16

    Feb

08:32
01/18/18
01/18
08:32
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08:32
General news
Jobless Claims data reported »

Week of 1/13 Jobless…

ESIO

Electro Scientific

$22.01

1.91 (9.50%)

08:32
01/18/18
01/18
08:32
01/18/18
08:32
Recommendations
Electro Scientific analyst commentary  »

Electro Scientific target…

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03/06/13
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  • 18

    Jan

08:32
01/18/18
01/18
08:32
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08:32
General news
Philadelphia Fed Business Outlook Survey General Conditions Index data reported »

January Philadelphia Fed…

08:32
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01/18
08:32
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Conference/Events
Morgan Stanley healthcare analysts hold an analyst/industry conference call »

Healthcare Analyst…

CAA

CalAtlantic

$63.26

1.77 (2.88%)

08:32
01/18/18
01/18
08:32
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08:32
Hot Stocks
CalAtlantic acquires Utah-based Candlelight Homes »

CalAtlantic Homes…

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RIOT

Riot Blockchain

$17.76

-0.52 (-2.84%)

08:32
01/18/18
01/18
08:32
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Hot Stocks
Riot Blockchain submits bidder registration for U.S. Marshals auction of bitcoin »

Riot Blockchain (RIOT)…

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03/06/13
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03/06/13
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  • 01

    Feb

HEI

Heico

$96.89

0.47 (0.49%)

, HEI.A

HEICO

$79.40

-0.05 (-0.06%)

08:31
01/18/18
01/18
08:31
01/18/18
08:31
Hot Stocks
Heico share prices adjusted for stock split »

HEICO Corporation…

HEI

Heico

$96.89

0.47 (0.49%)

HEI.A

HEICO

$79.40

-0.05 (-0.06%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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UQM

UQM Technologies

$1.42

0.01 (0.71%)

08:31
01/18/18
01/18
08:31
01/18/18
08:31
Hot Stocks
UQM Technologies receives $1.2M explosion-proof E-drive system order from KESHI »

UQM Technologies…

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HBM

Hudbay Minerals

$10.05

0.1 (1.01%)

08:30
01/18/18
01/18
08:30
01/18/18
08:30
Downgrade
Hudbay Minerals rating change  »

Hudbay Minerals…

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CVX

Chevron

08:30
01/18/18
01/18
08:30
01/18/18
08:30
Downgrade
Chevron rating change  »

Chevron downgraded to…

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  • 02

    Feb

SLB

Schlumberger

$77.21

0.04 (0.05%)

08:30
01/18/18
01/18
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Schlumberger analyst commentary  »

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  • 19

    Jan

IXYS

IXYS

08:30
01/18/18
01/18
08:30
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08:30
Options
Two option delistings on January 18th »

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08:30
01/18/18
01/18
08:30
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General news
U.S. Philladephia Fed index preview: »

U.S. Philladephia Fed…

HCC

Warrior Met Coal

$27.86

0.47 (1.72%)

08:26
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Hot Stocks
Warrior Met Coal upgraded to B by S&P Global Ratings »

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  • 14

    Feb

ARGS

Argos Therapeutics

$0.16

0.0214 (15.30%)

08:26
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01/18
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Hot Stocks
Argos Therapeutics announces one-for-twenty reverse stock split »

Argos Therapeutics…

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VSLR

Vivint Solar

08:25
01/18/18
01/18
08:25
01/18/18
08:25
Downgrade
Vivint Solar rating change  »

Vivint Solar downgraded…

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MRAM

Everspin Technologies

$8.21

-0.19 (-2.26%)

, SGH

Smart Global

$36.68

0.93 (2.60%)

08:25
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01/18
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Hot Stocks
Everspin Technologies and Smart Global partner in nvNITRO acclerator »

Everspin Technologies…

MRAM

Everspin Technologies

$8.21

-0.19 (-2.26%)

SGH

Smart Global

$36.68

0.93 (2.60%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 18

    Jan

ESIO

Electro Scientific

$22.01

1.91 (9.50%)

08:25
01/18/18
01/18
08:25
01/18/18
08:25
Recommendations
Electro Scientific analyst commentary  »

Electro Scientific price…

03/08/13
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03/08/13
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03/06/13
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  • 18

    Jan

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