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IBM

IBM

$136.06

-3.99 (-2.85%)

07:38
08/12/19
08/12
07:38
08/12/19
07:38

JPMorgan ups IBM target to $152 on favorable view of Red Hat deal

JPMorgan analyst Tien-tsin Huang views IBM's acquisition of Red Hat favorably, saying the asset "should energize" IBM's quest to be the leader in hybrid cloud. The acquisition, while not without risks, could significantly accelerate OpenShift adoption rates, and help Red Hat establish the product as an industry standard in Containerization, Huang tells investors in a research note. He raised his price target for IBM to $152 from $147 but keeps a Neutral rating on the shares. The analyst wants to see proof of integration and execution before getting more constructive on the name.

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    Oct

IBM IBM
$136.06

-3.99 (-2.85%)

07/26/19
TIGR
07/26/19
NO CHANGE
TIGR
Neutral
Tigress Financial neutral on IBM near term until ramp in higher margin business
Tigress Financial analyst Ivan Feinseth kept his Neutral rating on IBM (IBM) after its most recent quarterly report, saying the company's performance remains mixed with strength in hybrid cloud and data analytics offset by the decline in Systems revenue and its Z product line. The analyst is positive on IBM's Red Hat acquisition and recent expanded partnership with AT&T (T), but sees little opportunity for outperformance in the near term and opts to await for the company to ramp up its higher-growth businesses.
08/01/19
MSCO
08/01/19
INITIATION
Target $170
MSCO
Overweight
IBM resumed with an Overweight at Morgan Stanley
Morgan Stanley analyst Katy Huberty resumed coverage of IBM with an Overweight rating and $170 price target, stating that the company is in the later innings of a transformation meant to return the company to growth and margin expansion, both of which should accelerate post the closing of the Red Hat acquisition. She assumes IBM grows revenue at 2% annual adjusted rate, but noted that her base case doesn't credit IBM with planned Red Hat revenue synergies that could drive added upside.
08/05/19
MSCO
08/05/19
NO CHANGE
Target $170
MSCO
Overweight
IBM guidance with Red Hat in-line with Morgan Stanley expectations
After IBM (IBM) guided calendar year 2019 EPS of "at least" $12.80 when factoring in Red Hat, Morgan Stanley analyst Katy Huberty said this was in-line with her expectation ahead of the event. Following the company's Red Hat presentation, Huberty shifted some of her revenue and EPS forecast into Q4 to reflect the mainframe cycle, but her 2019 estimates for IBM remained otherwise unchanged. Huberty, who thinks Red Hat provides the horizontal platform to bridge the public clouds of AWS (AMZN), Azure (MSFT), GCP (GOOGL), and IBM Cloud, said the "Red Hat acquisition is all about positioning for Chapter 2 of cloud," which will be focused on enterprises' mission critical workloads. Huberty keeps an Overweight rating and $170 price target on IBM shares.
08/06/19
WELS
08/06/19
NO CHANGE
Target $147
WELS
Market Perform
IBM price target raised to $147 from $140 at Wells Fargo
Wells Fargo analyst Ed Caso raised his price target for IBM to $147 from $140 to reflect the recently closed Red Hat acquisition and management's revised 2019 guidance. The analyst reiterates a Market Perform rating on the shares.

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T

AT&T

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Sony

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LGF.A

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Lionsgate

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DIS

Disney

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Viacom

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Viacom

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SoftBank

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SoftBank

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JSAIY

J Sainsbury

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TSLA

Tesla

$219.92

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Novartis

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MO

Altria Group

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CrossFirst Bancshares

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9F Inc

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9F Inc

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NET

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WE

We Company

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SDC

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AMZN

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MSFT

Microsoft

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SoftBank

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CBS

CBS

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0.5 (1.15%)

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Viacom

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-0.4 (-1.45%)

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AAPL

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4.71 (2.33%)

DIS

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T

AT&T

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0.64 (1.86%)

CMCSA

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CMCSK

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NFLX

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MYGN

Myriad Genetics

$25.36

2.14 (9.22%)

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CSCO

Cisco

$46.96

0.73 (1.58%)

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$46.75

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RDS.A

Royal Dutch Shell

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0.47 (0.85%)

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Royal Dutch Shell

$55.56

0.46 (0.83%)

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Royal Dutch Shell

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Royal Dutch Shell

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BP

BP

$36.27

0.22 (0.61%)

XOM

Exxon Mobil

$68.30

1.06 (1.58%)

CVX

Chevron

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TGT

Target

$84.20

1.67 (2.02%)

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Walmart

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0.32 (0.28%)

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GO

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AEO

American Eagle

$15.40

0.63 (4.27%)

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ANGI

Angi Homeservices

$8.18

-0.18 (-2.15%)

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Match Group

$84.53

2.08 (2.52%)

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IAC

IAC

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AAPL

Apple

$206.44

4.71 (2.33%)

, HAS

Hasbro

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MAT

Mattel

$10.74

(0.00%)

AGR

Avangrid

$49.29

0.37 (0.76%)

JPM

JPMorgan

$107.73

2.52 (2.40%)

BAC

Bank of America

$27.04

0.79 (3.01%)

C

Citi

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NCLH

Norwegian Cruise Line

$50.48

1.38 (2.81%)

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RM

Regional Management

$27.12

0.14 (0.52%)

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RTN

Raytheon

$178.10

-0.42 (-0.24%)

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