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In a report published Friday, Morgan Stanley analyst Katy L. Huberty reiterated an Equal-Weight rating on
International Business MachinesIBM.
In the report, Morgan Stanley noted, “IBM is in the early stages of transitioning its portfolio for the cloud computing era. We view reaching 15% of cloud revenue mix, up from 4% in 2013, as a key inflection point for share performance. Near-term, we expect another mixed quarter, with potential reprieve later this year or early 2015.”
International Business Machines closed on Thursday at $187.70.
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