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IBM

IBM

$144.44

0.98 (0.68%)

08:28
07/19/18
07/19
08:28
07/19/18
08:28

IBM Q2 Cognitive segment results 'disappointing', says BMO Capital

BMO Capital analyst Keith Bachman lowered his price target on IBM to $172 from $175 and kept his Market Perform rating after its Q2 results. The analyst notes that while the company saw some progress on the services side and the Systems performance was better than expected, the Cognitive segment results were disappointing, particularly given that the business contains high-growth Watson and blockchain offerings. Bachman adds that the latest update on Cognitive segment is raising questions on whether IBM can sustain meaningful growth in operating income and free cash flows.

  • 06

    Aug

IBM IBM
$144.44

0.98 (0.68%)

07/19/18
DBAB
07/19/18
NO CHANGE
Target $150
DBAB
Hold
IBM price target lowered to $150 from $160 at Deutsche Bank
Deutsche Bank analyst Sherri Scribner lowered her price target for IBM to $150 and keeps a Hold rating on the shares. IBM last night reported Q2 sales and earnings numbers that came in slightly ahead of Street estimates, but the beat was primarily driven by the benefit of the mainframe cycle, Scribner tells investors in a research note. Performance in IBM's other three businesses were "more mixed," with sales ex-hardware not growing year-over-year in constant currency, the analyst adds. She views the stock's risk/reward as balanced at current levels.
07/19/18
STFL
07/19/18
NO CHANGE
Target $178
STFL
Buy
IBM report included reasons to be more optimistic, says Stifel
Stifel analyst David Grossman noted that IBM's Services revenue continued to improve in Q2 and he sees the turnaround in Services being the primary catalyst to drive IBM estimates and the stock's multiple higher over the next 12 months. While some have questioned the sustainability of revenue momentum and margin expansion, Grossman believes the market is overlooking tailwinds from restructuring actions he sees yielding about 150bp of margin tailwind in the second half and leverage from Services growth. He trimmed his price target to $178 from $182 and keeps a Buy rating on IBM shares.
07/19/18
MSCO
07/19/18
NO CHANGE
Target $185
MSCO
Overweight
IBM 'relatively clean' Q2 beat puts floor under valuation, says Morgan Stanley
Morgan Stanley analyst Katy Huberty said IBM's report of a "relatively clean" beat in Q2 builds hope that the company's transformation is playing out and helps put a floor under the stock's valuation. The quarter "wasn't without blemishes," said Huberty, who pointed to cognitive revenue declines and gross margins struggling to stabilize, but another clean quarter in September could help the stock re-rate more meaningfully, she believes. Based on recent peer multiple compression, Huberty lowered her multiple for IBM and cut her price target to $185 from $198, but she keeps an Overweight rating on the shares.

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ISRL

Isramco, Inc.

$110.20

-2.05 (-1.83%)

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Isramco enters into $121.40 per share merger pact with Naphtha Israel Petroleum »

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PCH

PotlatchDeltic

$36.17

-1.31 (-3.50%)

17:16
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PotlatchDeltic announces changes to Idaho recreation permits »

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PEN

Penumbra

$139.05

-3.805 (-2.66%)

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Penumbra initiated  »

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ISRL

Isramco, Inc.

$110.20

-2.05 (-1.83%)

17:10
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Hot Stocks
Breaking Hot Stocks news story on Isramco, Inc. »

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NYT

New York Times

$34.71

0.27 (0.78%)

17:07
05/20/19
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New York Times CEO sells 45,000 class A common shares »

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KNL

Knoll

$20.78

0.025 (0.12%)

17:06
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17:06
Hot Stocks
Knoll CEO sells 10.2K shares of common stock »

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QEP

QEP Resources

$7.91

0.42 (5.61%)

, BX

Blackstone

$40.62

-0.1 (-0.25%)

17:04
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17:04
Periodicals
QEP Resources considering sale after Elliott proposal, Bloomberg says »

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QEP

QEP Resources

$7.91

0.42 (5.61%)

BX

Blackstone

$40.62

-0.1 (-0.25%)

WLL

Whiting Petroleum

$22.74

-0.75 (-3.19%)

CPE

Callon Petroleum

$7.62

-0.56 (-6.85%)

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USAT

USA Technologies

$5.90

-0.13 (-2.16%)

17:03
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17:03
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17:03
Hot Stocks
USA Technologies extends contract of interim CFO Glen Goold »

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USAT

USA Technologies

$5.90

-0.13 (-2.16%)

17:02
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Hot Stocks
USA Technologies receives additional Nasdaq deficiency notice »

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NVRO

Nevro

$60.05

-2.235 (-3.59%)

17:02
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Hot Stocks
Nevro names D. Keith Grossman chairman of the board »

Nevro Corp. announced…

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  • 20

    May

STZ

Constellation Brands

$203.04

-1.79 (-0.87%)

17:01
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17:01
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17:01
Periodicals
Constellation Brands gets 2nd FTC request over E.&J Gallo winery deal »

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AMRS

Amyris

$4.09

-0.15 (-3.54%)

17:01
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17:01
Hot Stocks
Amyris receives Nasdaq deficiency notification over delayed quarterly report »

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SNAP

Snap

$11.19

-0.3 (-2.61%)

16:57
05/20/19
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Hot Stocks
Snap names Derek Andersen new CFO, appoints Lara Sweet as Chief People Officer »

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  • 03

    Jun

SCON

Superconductor Technologies

$1.25

-0.065 (-4.94%)

16:52
05/20/19
05/20
16:52
05/20/19
16:52
Syndicate
Superconductor Technologies files to sell common stock, no amount given »

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  • 06

    Jun

CCC

Clarivate Analytics

$13.34

-0.04 (-0.30%)

, INFO

IHS Markit

$57.51

0.12 (0.21%)

16:50
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Hot Stocks
Clarivate Analytics names Jerre Stead as CEO, effective June 30 »

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CCC

Clarivate Analytics

$13.34

-0.04 (-0.30%)

INFO

IHS Markit

$57.51

0.12 (0.21%)

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NDSN

Nordson

$130.42

-4.8 (-3.55%)

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Breaking Hot Stocks news story on Nordson »

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  • 21

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EBAY

eBay

$36.56

-0.34 (-0.92%)

16:47
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Earnings
eBay VP Kristin Yetto sells over $940K shares of company stock »

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  • 30

    May

16:45
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General news
Fed's Williams said the Fed has changed its view on the Phillips Curve relationship »

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VNE

Veoneer

$18.89

0.02 (0.11%)

16:43
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16:43
Syndicate
Veoneer files to sell $350M of common stock, $150M of convertible senior notes »

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  • 23

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    Jun

VYGR

Voyager Therapeutics

$21.87

-0.28 (-1.26%)

16:36
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Hot Stocks
Voyager Therapeutics announces retirement of chief scientific officer Dinah Sah »

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  • 13

    Jun

OCUL

Ocular Therapeutix

$3.36

-0.1 (-2.89%)

16:35
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16:35
Hot Stocks
Breaking Hot Stocks news story on Ocular Therapeutix »

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  • 11

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    Nov

HI

Hillenbrand

$38.98

0.05 (0.13%)

16:34
05/20/19
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16:34
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16:34
Initiation
Hillenbrand initiated  »

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  • 05

    Jun

VAR

Varian Medical

$130.48

-0.26 (-0.20%)

16:34
05/20/19
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16:34
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Earnings
Varian Medical cuts FY19 adj. EPS view to $4.55-$4.70 from $4.60-$4.75 »

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  • 20

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MRK

Merck

$78.86

0.15 (0.19%)

16:34
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Merck announces Phase 3 KEYNOTE-119 trial does not meet OS primary endpoint »

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  • 28

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  • 20

    Sep

VAR

Varian Medical

$130.48

-0.26 (-0.20%)

16:33
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Varian to acquire Cancer Treatment Services for $283M »

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  • 20

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