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International Business Machines Corporation Message Board

  • qofaslave69 qofaslave69 Jan 23, 2013 9:20 AM Flag

    BMO Boosts Target $233

    BMO Capital analyst Keith Bachman raised estimates and his price target on IBM (NYSE: IBM) from $220 to $233 following Q4 results. He maintained a Market Perform rating.

    Bachman said Q4 results were largely in-line but notes "with a modest negative sentiment heading into the report, we think IBM is poised for some relief, particularly given the relative underperformance of the shares in CY12."

    He raised FY13 estimates from $16.82 to $16.84 and our FY14 estimates from $18.43 to $18.50.

    For an analyst ratings summary and ratings history on IBM click here. For more ratings news on IBM click here.

    Shares of IBM closed at $196.08 yesterday, with a 52 week range of $181.85-$211.79.

152.84+0.40(+0.26%)May 27 4:02 PMEDT