Thu 12 Jan 2006
Goldman Sachs still rating IBM “outperform”
Posted by Sim' under Performance
An article in Forbes magazine the other day mentioned that Goldman Sachs are still rating IBM high, and are downplaying suggested concerns about low services bookings.
Forbes: IBM’s Bookings Anxiety Looks ‘Overdone’
Goldman Sachs research analyst Laura Conigliaro maintained an “outperform” rating on IBM despite recent investor concern regarding the technology firm’s low services bookings.
With IBM’s multiple, at 14.6 times 2006 earnings, nearly a point below Hewlett-Packard, and at the low end of its relative multiple range, we think the time is right to step up to IBM,” the analyst wrote in a recent research note.
(via Yahoo Finance)
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