Market Overview

UPDATE: Cantor Fitzgerald Initiates Coverage on International Business Machines on EPS Growth Story

Share:
Related IBM
Investors Suddenly Can't Own Enough Of IBM: A Technical Breakdown
Kaltbaum Says Buybacks Are Behind EPS Growth At IBM
VMware Proves Again It Won't Be Killed By The Cloud (Seeking Alpha)

In a report published Friday, Cantor Fitzgerald analyst Brian J. White initiated coverage on International Business Machines Corp. (NYSE: IBM) with a Buy rating and $220.00 price target.

In the report, Cantor Fitzgerald noted, “We are initiating coverage of IBM with a BUY rating and 12-month price target of $220.00. With a broad portfolio of IT solutions, IBM is recognized as a leading player across IT services, mainframe computing, software, servers and storage. Over the years, IBM's deliberate shift away from the more commoditized areas of IT spending to higher-valued add solutions has resulted in accelerated innovation, attractive margin expansion and healthy EPS growth. Given that the stock remains flat in 2013, trading at a CY14 P/E of just 10.4x, we believe IBM represents an attractive value.”

International Business Machines Corp. closed on Thursday at $193.39.

Latest Ratings for IBM

DateFirmActionFromTo
Mar 2015Atlantic EquitiesDowngradesNeutralUnderweight
Jan 2015Deutsche BankMaintainsHold
Jan 2015Stifel NicolausMaintainsBuy

View More Analyst Ratings for IBM
View the Latest Analyst Ratings

Posted-In: Brian J. White Cantor FitzgeraldAnalyst Color Initiation Analyst Ratings

 

Related Articles (IBM)

Around the Web, We're Loving...