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IBM price target lowered to $145 from $155 at BMO Capital
The Fly

IBM price target lowered to $145 from $155 at BMO Capital

BMO Capital analyst Keith Bachman lowered the firm’s price target on IBM to $145 from $155 and keeps a Market Perform rating on the shares. The company’s Q1 results were "mixed but reasonable" given the low expectations, the analyst tells investors in a research note. The firm "remains skeptical" however that IBM can grow Software and believes that margin challenges will persist.

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Published first on TheFly

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