Archive for February 10th, 2006
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Friday, February 10th, 2006
Analyst increases IBM rating to “buy”
Business Week reports that analyst Megan Graham-Hackett has increased the rating for IBM from 3 stars (hold) to 4 stars (buy).
Megan writes, “We are raising our recommendation to buy based on valuation, as the shares are now trading at 13.5 times our 2006 earnings per share (EPS) estimate of $5.90. We do not believe this [...]