JP Morgan Overweight on IBM After DemandTec Acquisition Proposal

JP Morgan has published a research report on IBM (NYSE:

) commenting on the company's proposed DemandTec (NASDAQ:

) acquisition. In the report, JP Morgan writes, "This morning, Overweight-rated IBM announced the proposed acquisition of consumer demand analytics software provider DemandTec (Not Covered). We think the DemandTec assets could be a good fit with IBM's Smarter Commerce initiative. We believe the proposed deal for DemandTec is another example of IBM finding quality assets that it can augment with its broad service delivery model and sales channels." JP Morgan maintains its Overweight rating on IBM, which is currently trading down $1.71 from yesterday's $194.05 closing price.