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IBM

IBM

$157.33

1.92 (1.24%)

12:45
12/12/17
12/12
12:45
12/12/17
12:45

IBM call volume above normal and directionally bullish

Bullish option flow detected in IBM with 24,295 calls trading, 3x expected, and implied vol increasing over 1 point to 12.93%. Feb-18 160 calls and Dec-17 157.5 calls are the most active options, with total volume in those strikes near 7,400 contracts. The Put/Call Ratio is 0.39. Earnings are expected on January 18th.

  • 12

    Dec

IBM IBM
$157.33

1.92 (1.24%)

10/18/17
BMOC
10/18/17
NO CHANGE
Target $170
BMOC
Market Perform
IBM price target raised to $170 from $167 at BMO Capital
BMO Capital analyst Keith Bachman raised his price target on IBM to $170 and maintained a Market Perform rating following Q3 earnings. Bachman says IBM had "reasonable results" for the first time in many quarters, and while Global Business Services and Tech Solutions underwhelmed, Cognitive Solutions returned to modest growth.
10/27/17
PIVT
10/27/17
INITIATION
Target $180
PIVT
Buy
IBM initiated with a Buy at Pivotal Research
Pivotal Research analyst Lou Miscioscia initiated IBM (HPE) with a Buy and $180 price target. The analyst prefers IBM to HP Enterprise (HPE) due to its more complete IT approach led by services and with Digital Hardware/software solutions. Miscioscia said IBM's valuation is at the low end of peers and after years of turnaround efforts is finally positioned to grow.
10/27/17
10/27/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. IBM (IBM) initiated with a Buy at Pivotal Research. 2. Alder Biopharmaceuticals (ALDR) initiated with a Buy at Canaccord. 3. Biogen (BIIB) initiated with a Hold at Canaccord. 4. Okta (OKTA) initiated with a Buy at SunTrust. 5. Carvana (CVNA) initiated with a Market Perform at Barrington. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/16/17
PIPR
11/16/17
NO CHANGE
Target $60
PIPR
Overweight
NetApp price target raised to $60 from $52 at Piper Jaffray
Piper Jaffray analyst Andrew Nowinski raised his price target for NetApp to $60 saying the company reported "very strong" Q2 results, with all metrics exceeding the mid-point of guidance and consensus. The quarter shows that NetApp continues to take share from HP (HPQ), Dell/EMC and IBM (IBM), Nowinski tells investors in a post-earnings research note. He expects the share gains to continue and reiterates an Overweight rating on NetApp shares.

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