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jimmybob

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jimmybob

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Friday, 01/19/2018 8:54:17 AM

Friday, January 19, 2018 8:54:17 AM

Post# of 365635
IBM price target raised to $198 from $192 at Morgan Stanley
Morgan Stanley analyst Katy Huberty noted that IBM's Q4 margins disappointed, but said that CIO feedback, along with backlog run-off and deferred revenue growth, support the company's "bullish" guidance for Q1. IBM "leads the conversation" in new areas of technology that include AI, blockchain and quantum computing, said Huberty, who raised her price target on the stock to $198 in the wake of the company's earnings report and noted she sees room for upside to that target. Huberty keeps an Overweight rating on IBM shares

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