Barron’s had a statement on IBM this week saying that shares could easily climb above $120, citing eps growth (fewer outstanding shares), software sales growth and growth in emerging markets. That was the number I had in my head to, and I thought I’d blogged it (I was looking to toot my own horn) but alas I couldn’t find it. So if IBM runs up to $120 in the coming months, is it still a hold?

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