Buy IBM Shares Up to $100

Tags: ibm
6 Dec 5:05am
Posted by ZacksResearch
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As a result of large non-US revenue base, IBM Corporation (IBM) has been better insulated from recent weakness in the U.S. economy than many of its peers. IBM's Q308 results indicate its strong position in emerging markets, which should continue to help drive growth.

Moreover, the company has focused on driving its bottom line through cost-cutting efforts. The company's long-term prospects look brighter as it maintains a strong position in the software and services market.

We therefore maintain our Buy rating on IBM shares, but lower our target price to $100.00, given the weak economic environment.

Anita Mohata contributed to this report.

Read the full analyst report on IBM




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