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IBM

IBM

$169.12

0.47 (0.28%)

17:36
01/18/18
01/18
17:36
01/18/18
17:36

IBM sees FY18 free cash flow $12B

  • 18

    Jan

IBM IBM
$169.12

0.47 (0.28%)

01/12/18
BMOC
01/12/18
NO CHANGE
Target $175
BMOC
Market Perform
IBM price target raised to $175 from $170 at BMO Capital
BMO Capital analyst Keith Bachman raised his price target on IBM to $175, reiterating that the mainframe cycle and FX trends are beginning to improve. The analyst keeps his Market Perform rating based on valuations, but suggests that the December quarter estimates could prove to be conservative. Longer term, Bachman contends that the Systems segment could generate "durable growth" and the Cognitive business can grow operating profits this year.
01/17/18
LEHM
01/17/18
UPGRADE
Target $192
LEHM
Overweight
IBM upgraded to Overweight from Underweight at Barclays
Barclays analyst Mark Moskowitz double upgraded IBM (IBM) to Overweight from Underweight and raised his price target for the shares to $192 from $133. The technology giant closed yesterday up 69c to $163.85. The company could be entering a period of top-line stability and maybe even modest growth over the next 12-18 months, Moskowitz tells investors in a research note. The analyst thinks IBM could emerge over time as the next important cloud vendor after Amazon (AMZN) and Microsoft's (MSFT) Azure. Moskowitz sees room for another cloud player and thinks the "narrative can favorably shift for shares of IBM."
01/17/18
01/17/18
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. IBM (IBM) upgraded to Overweight from Underweight at Barclays with analyst Mark Moskowitz saying the company could be entering a period of top-line stability and maybe even modest growth over the next 12-18 months. 2. Ulta Beauty (ULTA) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Simeon Gutman saying Ulta shares are trading at a compelling multiple given the company's long runway for earnings per share growth combined with benefits from lower tax rates. 3. Groupon (GRPN) upgraded to Neutral from Sell at Goldman Sachs with analyst Christopher Merwin saying stabilizing gross profit growth, coupled with cost savings, should drive upside to Street EBITDA expectations in 2018. 4. L3 Technologies (LLL) upgraded to Buy from Neutral at BofA/Merrill with analyst Ronald Epstein saying it will benefit from "upward momentum" in the U.S. defense budget. 5. Dick's Sporting (DKS) upgraded to Buy from Neutral at Buckingham with the firm citing tax reform benefits and recent strength across retail. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/18/18
WEDB
01/18/18
NO CHANGE
Target $185
WEDB
Neutral
IBM price target raised to $185 from $155 at Wedbush
Wedbush analyst Moshe Katri raised his price target for IBM to $185 from $155 on valuation. The analyst reiterates a Neutral rating on the shares.

TODAY'S FREE FLY STORIES

GRBK

Green Brick

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Initiation
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  • 22

    Jun

DPZ

Domino's Pizza

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DHI

D.R. Horton

$41.93

-0.91 (-2.12%)

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$DJT

DJ Transportation Average

$0.00

(0.00%)

08:21
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DJ Transportation Average: Pivot points »

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WLH

William Lyon Homes

$24.10

-0.495 (-2.01%)

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$DJU

DJ Utility Average

$0.00

(0.00%)

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DJ Utility Average: Pivot points »

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:20
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Technical Analysis
Dow Jones Industrial Average: Pivot points »

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IYT

iShares Transportation Average

$199.72

-0.27 (-0.14%)

08:20
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Technical Analysis
iShares Transportation Average: Pivot points »

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08:20
06/19/18
06/19
08:20
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08:20
General news
U.S. equities were swept lower with global stocks »

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XLK

Technology Select Sector SPDR

$71.78

0.04 (0.06%)

08:19
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06/19
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Technical Analysis
Technology Select Sector SPDR: Pivot points »

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XLE

Energy Select Sector SPDR

$74.94

0.83 (1.12%)

08:19
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Technical Analysis
Energy Select Sector SPDR: Pivot points »

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MOH

Molina Healthcare

$96.55

1.075 (1.13%)

08:19
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Molina Healthcare analyst commentary  »

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XLY

Consumer Discretionary Sector SPDR

$111.91

-0.2 (-0.18%)

08:19
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Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

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AAPL

Apple

$188.76

-0.11 (-0.06%)

08:19
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Technical Analysis
Technical Take: Apple testing low of recent range in pre-market trading »

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XLB

S&P Select Materials SPDR

$59.60

-0.15 (-0.25%)

08:19
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Technical Analysis
S&P Select Materials SPDR: Pivot points »

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XLU

Utilities SPDR

$49.69

0.17 (0.34%)

08:18
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Technical Analysis
Utilities SPDR: Pivot points »

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XLP

Consumer Staples Sector SPDR

$50.78

-0.755 (-1.47%)

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Technical Analysis
Consumer Staples Sector SPDR: Pivot points »

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XLV

Health Care Select Sector SPDR

$84.63

-0.85 (-0.99%)

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Health Care Select Sector SPDR: Pivot points »

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IWM

iShares Trust Russell 2000 Index Fund

$168.59

0.89 (0.53%)

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FTNT

Fortinet

$66.16

0.89 (1.36%)

08:17
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Downgrade
Fortinet rating change  »

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  • 10

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DIA

Diamonds Fund ETF

$249.72

-0.99 (-0.39%)

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Technical Analysis
Diamonds Fund ETF: Pivot points »

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SPY

SPDR S&P 500 ETF Trust

$276.58

-0.42 (-0.15%)

08:17
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XEC

Cimarex Energy

$89.91

4.8 (5.64%)

08:17
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XLF

Financial Select Sector

$27.43

-0.03 (-0.11%)

08:17
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Technical Analysis
Financial Select Sector: Pivot points »

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SMH

Market Vectors Semiconductor

$108.93

-1.19 (-1.08%)

08:16
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Technical Analysis
Market Vectors Semiconductor: Pivot points »

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