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IBM

IBM

$167.33

-0.27 (-0.16%)

08:01
12/22/16
12/22
08:01
12/22/16
08:01

IBM, Cleveland Clinic announce 5-year agreement to expand health IT capabilities

Cleveland Clinic and IBM announced a five-year agreement to expand the Clinic's health information technology capabilities. The Clinic and IBM aim to establish a model for a health system transition to value-based care and population health, and to uncover potential standards that could be replicated by providers nationwide. The agreement builds on a decades-long relationship between the two organizations, and reflects the parties' intention to expand the use of IBMs secured cloud, social, mobile and Watson cognitive computing technologies across clinical and administrative operations. The collaboration is also being designed to better capture the value of data and to enhance patient care across the systems' nine regional hospitals and 18 full-service family health centers.

IBM IBM
$167.33

-0.27 (-0.16%)

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.
12/01/16
JEFF
12/01/16
NO CHANGE
Target $125
JEFF
Underperform
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.
12/06/16
OPCO
12/06/16
NO CHANGE
OPCO
VMware, Microsoft viewed as strategic in enabling hybrid cloud, says Oppenheimer
Following Amazon (AMZN) Web Services re:Invent conference, Oppenheimer analyst Ittai Kidron says the company's development efforts appear to be around delivering more complete solutions, turning AWS into a platform for data management, analytics, and artificial intelligence. According to interviews conducted at the conference, the analyst says the shift to the cloud is going to accelerate in coming years, but implementation of public cloud is still complex. Additionally, the results suggest that VMware (VMW) and Microsoft (MSFT) are viewed as "most strategic" to implementing hybrid clouds. Further, Kidron says the survey is negative for most traditional on premise vendors, and believes the vendors most likely to see headwinds include Dell/EMC (EMC), NetApp (NTAP), HP Enterprise (HPE), IBM (IBM), and Cisco (CSCO).

TODAY'S FREE FLY STORIES

BXP

Boston Properties

$122.03

-0.4 (-0.33%)

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LFC

China Life Insurance

$15.24

0.04 (0.26%)

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HSY

Hershey

$106.04

0.14 (0.13%)

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RVLT

Revolution Lighting

$6.82

-0.03 (-0.44%)

07:42
08/17/17
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Hot Stocks
Revolution Lighting awarded DoD contract »

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FOLD

Amicus

$12.60

0.31 (2.52%)

, IRWD

Ironwood

$14.92

0.06 (0.40%)

07:42
08/17/17
08/17
07:42
08/17/17
07:42
Recommendations
Amicus, Ironwood, Otonomy, Sarepta, Ignyta analyst commentary  »

JPMorgan lists top SMID…

FOLD

Amicus

$12.60

0.31 (2.52%)

IRWD

Ironwood

$14.92

0.06 (0.40%)

OTIC

Otonomy

$19.35

-0.1 (-0.51%)

SRPT

Sarepta

$37.43

0.72 (1.96%)

RXDX

Ignyta

$9.80

0.1 (1.03%)

03/08/13
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CSVI

Computer Services

$46.50

0.45 (0.98%)

07:41
08/17/17
08/17
07:41
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07:41
Hot Stocks
Computer Services announces retirement of president R. Stanley Eckenberg »

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ROIC

Retail Opportunity

$20.14

0.09 (0.45%)

07:40
08/17/17
08/17
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07:40
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Retail Opportunity rating change  »

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BABA

Alibaba

$159.50

1.75 (1.11%)

07:39
08/17/17
08/17
07:39
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07:39
Hot Stocks
Alibaba: 'The numbers speak for themselves' »

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AAPL

Apple

$160.94

-0.68 (-0.42%)

07:38
08/17/17
08/17
07:38
08/17/17
07:38
Periodicals
Apple Watch may not support voice calls at launch, AI reports »

The new LTE-connected…

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  • 23

    Aug

WMT

Wal-Mart

$80.98

0.21 (0.26%)

07:35
08/17/17
08/17
07:35
08/17/17
07:35
Hot Stocks
Breaking Hot Stocks news story on Wal-Mart »

Wal-Mart drops 2.3% in…

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  • 17

    Aug

  • 16

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  • 20

    Feb

TDOC

Teladoc

$30.05

-1.15 (-3.69%)

07:35
08/17/17
08/17
07:35
08/17/17
07:35
Recommendations
Teladoc analyst commentary  »

Teladoc to benefit from…

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  • 06

    Sep

  • 06

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  • 11

    Sep

AERI

Aerie Pharmaceuticals

$52.20

-0.2 (-0.38%)

07:35
08/17/17
08/17
07:35
08/17/17
07:35
Recommendations
Aerie Pharmaceuticals analyst commentary  »

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  • 19

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  • 28

    Feb

BABA

Alibaba

$159.50

1.75 (1.11%)

, MU

Micron

$30.69

1.01 (3.40%)

07:35
08/17/17
08/17
07:35
08/17/17
07:35
Options
Unusual call flow in option market yesterday »

Notable call activity was…

BABA

Alibaba

$159.50

1.75 (1.11%)

MU

Micron

$30.69

1.01 (3.40%)

FCX

Freeport McMoRan

$14.77

0.8 (5.73%)

VALE

Vale

$10.10

0.32 (3.27%)

RIG

Transocean

$7.58

-0.33 (-4.17%)

MPC

Marathon Petroleum

$51.06

-0.83 (-1.60%)

COTY

Coty

$19.67

0.11 (0.56%)

PAGP

Plains GP Holdings

$20.35

-0.46 (-2.21%)

ETSY

Etsy

$15.60

-0.04 (-0.26%)

FOLD

Amicus

$12.60

0.31 (2.52%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 17

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  • 22

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    Aug

  • 06

    Sep

  • 08

    Nov

REG

Regency Centers

$65.52

0.46 (0.71%)

07:34
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08/17
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07:34
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Regency Centers rating change  »

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COMM

CommScope

$32.85

0.01 (0.03%)

07:34
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08/17
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  • 29

    Aug

MSG

Madison Square Garden

$217.42

1.33 (0.62%)

07:33
08/17/17
08/17
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07:33
Earnings
MSG reports Q4 EPS ($3.58), may not compare to consensus ($1.39) »

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  • 17

    Aug

ARAY

Accuray

$4.00

-0.1 (-2.44%)

07:32
08/17/17
08/17
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07:32
Hot Stocks
Accuray's Radixact system used by Summit Cancer Center-Boise for the first time »

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  • 22

    Aug

AMOV

America Movil, also tag AMX

$18.51

-0.07 (-0.38%)

, AMX

America Movil, also tag AMOV

$18.82

0.22 (1.18%)

07:32
08/17/17
08/17
07:32
08/17/17
07:32
Periodicals
Mexican Supreme Court rules for America Movil on interconnection fees, WSJ says »

Mexico's Supreme…

AMOV

America Movil, also tag AMX

$18.51

-0.07 (-0.38%)

AMX

America Movil, also tag AMOV

$18.82

0.22 (1.18%)

03/08/13
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GDEN

Golden Entertainment

$21.41

0.23 (1.09%)

07:31
08/17/17
08/17
07:31
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07:31
Hot Stocks
Golden Entertainment completes syndication of financing to fund American deal »

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PBR

Petrobras

$8.65

0.06 (0.70%)

, CBI

CB&I

$9.97

-1.22 (-10.90%)

07:30
08/17/17
08/17
07:30
08/17/17
07:30
Options
Unusual put flow in option market yesterday »

Notable put activity was…

PBR

Petrobras

$8.65

0.06 (0.70%)

CBI

CB&I

$9.97

-1.22 (-10.90%)

URBN

Urban Outfitters

$19.76

2.94 (17.48%)

CL

Colgate-Palmolive

$71.93

0.13 (0.18%)

AXON

Axovant Sciences

$21.80

-0.83 (-3.67%)

03/08/13
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  • 18

    Aug

CSCO

Cisco

$32.34

0.25 (0.78%)

07:28
08/17/17
08/17
07:28
08/17/17
07:28
Recommendations
Cisco analyst commentary  »

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  • 06

    Sep

LB

L Brands

$38.95

0.5 (1.30%)

07:28
08/17/17
08/17
07:28
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07:28
Recommendations
L Brands analyst commentary  »

L Brands share losses may…

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  • 17

    Aug

CSCO

Cisco

$32.34

0.25 (0.78%)

07:28
08/17/17
08/17
07:28
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07:28
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Cisco analyst commentary  »

Cisco 'slowly moving…

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  • 06

    Sep

CCL

Carnival

$68.87

0.16 (0.23%)

07:28
08/17/17
08/17
07:28
08/17/17
07:28
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Carnival analyst commentary  »

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QTNA

Quantenna Communications

$17.79

-0.23 (-1.28%)

07:27
08/17/17
08/17
07:27
08/17/17
07:27
Conference/Events
Quantenna Communications management to meet with Deutsche Bank »

Meeting to be held in San…

03/08/13
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  • 17

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