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IBM

IBM

$137.52

-0.15 (-0.11%)

09:25
11/11/19
11/11
09:25
11/11/19
09:25

IBM to host conference call

IBM Corporate Responsibility Conference Call to be held on November 11 at 9:30 am. Webcast Link

  • 11

    Nov

  • 09

    Dec

IBM IBM
$137.52

-0.15 (-0.11%)

10/17/19
STFL
10/17/19
NO CHANGE
Target $169
STFL
Buy
IBM likely to remain a 'show me' story into next year, says Stifel
Stifel analyst David Grossman notes disappointments from IBM's GTS segment and legacy software portfolio in Q3 as likely contributors to the 5% aftermarket decline in the stock despite Red Hat being a positive and the company maintaining its 2019 guidance. The Q3 results suggest stabilization of GTS, and now legacy Cognitive, will be 2020 events, which he thinks means that IBM will likely remain a "show me" story into next year, Grossman tells investors. He keeps a Buy rating and $169 price target on IBM shares.
10/17/19
WELS
10/17/19
NO CHANGE
Target $140
WELS
Market Perform
IBM price target lowered to $140 from $147 at Wells Fargo
Wells Fargo analyst Ed Caso lowered his price target for IBM to $140 from $147 as Q3 "disappoints" on softer GTS revenue, lighter margin, which was offset by a lower tax rate. The analyst reiterates a Market Perform rating on the shares.
10/21/19
UBSW
10/21/19
DOWNGRADE
Target $140
UBSW
Neutral
IBM downgraded to Neutral from Buy at UBS
UBS analyst Munjal Shah downgraded IBM to Neutral from Buy with a price target of $140, down from $170. The stock closed Friday down 17c to $134.09. The analyst believes it will be difficult for the company to achieve sustainable mid-single digit revenue growth. In 2020, pressure in the legacy businesses should somewhat offset the growth from year one of the mainframe cycle and Red Hat acquisition, Shah tells investors in a research note. The following year "should be even more challenging" with greater revenue pressure due to a tough year two mainframe compare and lower incremental Red Hat contribution, adds the analyst. Further, currency remains a headwind and a lack of share buybacks will limit earnings growth outside of deleveraging, says Shah.
10/21/19
10/21/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Boeing (BA) downgraded to Neutral from Outperform at Credit Suisse and to Neutral from Buy at UBS. 2. Spirit AeroSystems (SPR) downgraded to Neutral from Buy at UBS with analyst Myles Walton citing Spirit's "outsized exposure" to Boeing's (BA) 737 Max program for the downgrade. 3. Gildan Activewear (GIL) downgraded to Hold from Buy at Edward Jones. 4. IBM (IBM) downgraded to Neutral from Buy at UBS with analyst Munjal Shah saying he believes it will be difficult for the company to achieve sustainable mid-single digit revenue growth. 5. Alcoa (AA) downgraded to Hold from Buy at Gabelli with analyst Justin Bergner saying Acloa's 12% two day post-earnings rally reflected better than expected proceeds from non-core asset sales and a view that estimates have bottomed. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SRRA

Sierra Oncology

$0.49

0.1035 (27.13%)

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RUHN

Ruhnn

$6.19

-0.2 (-3.13%)

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Ruhnn management to meet with Mizuho »

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Piper Jaffray biotech analysts to hold a KOL luncheon »

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SRRA

Sierra Oncology

$0.49

0.1035 (27.13%)

04:55
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Sierra Oncology to hold an analyst and investor event »

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MGTA

Magenta Therapeutics

$13.29

0.3 (2.31%)

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Magenta reports results from MGTA-145 stem cell mobilization program »

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PFE

Pfizer

$38.29

0.26 (0.68%)

, BMY

Bristol-Myers

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0.435 (0.73%)

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Bristol-Myers Squibb-Pfizer Alliance reports analysis of Eliquis »

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PFE

Pfizer

$38.29

0.26 (0.68%)

BMY

Bristol-Myers

$59.94

0.435 (0.73%)

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UMRX

Unum Therapeutics

$0.70

0.0177 (2.61%)

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Unum Therapeutics announces Phase 1 clinical updates for T-cell therapies »

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  • 07

    Dec

MGTA

Magenta Therapeutics

$13.29

0.3 (2.31%)

19:25
12/07/19
12/07
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Magenta Therapeutics to hold an investor and analyst event »

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  • 07

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AUTL

Autolus Therapeutics

$14.60

-0.18 (-1.22%)

19:23
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Autolus presents new data on T cell therapies in leukemia, lymphoma »

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BMY

Bristol-Myers

$59.94

0.435 (0.73%)

19:19
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Bristol-Myers says lisocabtagene maraleucel study met both endpoints »

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SGEN

Seattle Genetics

$117.52

0.37 (0.32%)

19:16
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Seattle Genetics reports updated Adcetris plus Opdivo Hodgkin lymphoma data »

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GILD

Gilead

$67.09

1.16 (1.76%)

19:12
12/07/19
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19:12
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Gilead's Kite announces long-term data from ZUMA-1 study in lymphoma »

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  • 07

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CRTX

Cortexyme

$28.00

-6.15 (-18.01%)

19:10
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Cortexyme says COR388 reduced levels of ApoE protein in Phase I study »

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MNK

Mallinckrodt

$3.40

0.015 (0.44%)

12:15
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Mallinckrodt presents data on infantile spasms predictive model »

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  • 07

    Dec

STOK

Stoke Therapeutics

$28.91

3.99 (16.01%)

12:13
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Stoke Therapeutics presents preclinical data from studies of STK-001 »

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APTO

Aptose Biosciences

$2.55

-0.04 (-1.54%)

12:11
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Aptose reports CG-806 data in patients with chronic lymphocytic leukemia »

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EPZM

Epizyme

$18.22

2.9 (18.93%)

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PRNB

Principia Biopharma

$37.30

0.86 (2.36%)

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FB

Facebook

$200.99

1.64 (0.82%)

, GOOGL

Alphabet Class A

$1,339.41

11.6 (0.87%)

09:31
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Week in review: How Trump's policies moved stocks »

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FB

Facebook

$200.99

1.64 (0.82%)

GOOGL

Alphabet Class A

$1,339.41

11.6 (0.87%)

GOOG

Alphabet

$1,341.23

12.23 (0.92%)

AAPL

Apple

$270.71

5.15 (1.94%)

AMZN

Amazon.com

$1,750.79

10.2 (0.59%)

SQ

Square

$68.00

0.85 (1.27%)

TWTR

Twitter

$30.19

0.16 (0.53%)

CSIQ

Canadian Solar

$18.35

0.39 (2.17%)

FSLR

First Solar

$53.36

1.06 (2.03%)

JASO

JA Solar

$0.00

(0.00%)

SPWR

SunPower

$7.23

0.15 (2.12%)

TSL

Trina Solar

$0.00

(0.00%)

YGE

Yingli Green Energy

$0.00

(0.00%)

AKS

AK Steel

$3.24

0.065 (2.05%)

MT

ArcelorMittal

$17.88

0.43 (2.46%)

NUE

Nucor

$57.60

1.13 (2.00%)

STLD

Steel Dynamics

$35.10

0.67 (1.95%)

TMST

TimkenSteel

$6.90

0.41 (6.32%)

X

U.S. Steel

$13.95

0.615 (4.61%)

AA

Alcoa

$20.60

0.68 (3.41%)

03/08/13
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  • 09

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FATE

Fate Therapeutics

$13.64

0.07 (0.52%)

09:27
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Fate Therapeutics reports initial clinical data for FT516 and FT50 »

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  • 07

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Conference/Events
JPMorgan enterprise software analyst to hold an analyst/industry conference call »

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CRVS

Corvus Pharmaceuticals

$4.26

-0.36 (-7.79%)

09:23
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Corvus reports initial results from Phase 1/1b trial of CPI-818 »

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KPTI

Karyopharm

$16.30

-1.15 (-6.59%)

09:21
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  • 07

    Dec

ABBV

AbbVie

$86.97

0.3 (0.35%)

09:18
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AbbVie reports results of 7.5-year pooled analysis of Imbruvica »

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  • 07

    Dec

SRRA

Sierra Oncology

$0.49

0.1035 (27.13%)

09:16
12/07/19
12/07
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Hot Stocks
Sierra Oncology reports new analyses of momelotinib compared to ruxolitinib »

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