UBS Cuts IBM's (IBM) Target Price on Weak Software

IBM's gloomy forecast weighs down shares

January 20, 2016 8:44 AM EST

(Reuters) - International Business Machines Corp's shares touched a five-year low on Wednesday, a day after the company forecast weak earnings, underscoring challenges in its software business as it transitions to new growth areas.

The company's shares were down 6 percent at $120.40 in early trading. At least 11 brokerages lowered their price target on the stock.

IBM forecast 2016 adjusted earnings of "at least" $13.50 per share, below the average analyst estimate of $15 per... More

Q4 Shows IBM (IBM) Transition Continues - Jefferies

January 20, 2016 8:38 AM EST

Jefferies analyst, James Kisner, reiterated his Underperform rating and $110 PT on IBM (NYSE: IBM) following Q4 results. Weakness in software and services bookings continue to plague the company.

Adjusting for taxes, Q4 EPS missed consensus. CY16 EPS and FCF guidance was disappointing... More

Drexel Hamilton Cuts Price Target on IBM (IBM) Following 4Q Earnings

January 20, 2016 8:18 AM EST

Drexel Hamilton maintained a Buy rating on IBM (NYSE: IBM), and cut the price target to $160.00 (from $170.00), following the company's 4Q earnings report. Drexel expects that IBM will remain in transition mode in 2016; however, the company has set the EPS bar low and sentiment... More

RBC Capital Cuts Price Target on IBM (IBM) Following 4Q EPS Beat

January 20, 2016 7:17 AM EST

RBC Capital maintained a Sector Perform rating on IBM (NYSE: IBM), and cut the price target to $135.00 (from $145.00), following the company's 4Q warnings report. IBM reported revenue of $22.1B which was in-line with Street expectations, while operating EPS of $4.84 was ahead of Street estimates of $4.81.

Analyst... More

IBM (IBM) Sees FY16 EPS of at Least $13.50 vs Consensus of $15

January 19, 2016 5:34 PM EST

IBM (NYSE: IBM) Sees FY16 EPS of at Least $13.50 vs Consensus of $15

... More

IBM (IBM) Tops Q4 EPS by 3c

January 19, 2016 4:06 PM EST

IBM (NYSE: IBM) reported Q4 EPS of $4.84, $0.03 better than the analyst estimate of $4.81. Revenue for the quarter came in at $22.06 billion versus the consensus estimate of $22.04 billion.

Strategic imperatives revenue of $28.9 billion now represents 35 percent of total IBM revenue, up 26 percent... More