UBS Starts IBM as a “Neutral”; Stock Needs a Rest after Recent Run-up

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UBS Starts IBM as a “Neutral”; Stock Needs a Rest after Recent Run-up

IBM

Linked by The Dividend Daily ( track newsfeed | ignore newsfeed ) - July 12, 09:04AM from (www.dividend.com)

International Business Machines Corp. (IBM) late Wednesday caught some tepid commentary from analysts at UBS. The firm initiated coverage on IBM with a "Neutral" rating and $205 price target, suggesting a nearly 11% upside to the stock's Wednesday closing price of $185.25. A UBS analyst commented, "IBM is the only computer company to succeed in ...

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