Thu 15 Dec 2005
IBM Facing ‘Increasing Foreign-Exchange Headwinds’
Posted by Sim' under Performance
Forbes: IBM Facing ‘Increasing Foreign-Exchange Headwinds’
Tags:No TagsBanc of America Securities analyst Keith Bachman slightly lowered revenue estimates on IBM, citing “increasing foreign-exchange headwinds.”
Bachman said in a research report that he left his earnings estimates unchanged and doesn’t view the foreign-exchange adjustments “as negatively impacting the stock.”
…
He reiterated a “buy” rating and $93 price target on IBM.
December 21st, 2005 at 7:04 am
If IBM deemed it important enough then they could always hedge their exposure in the FX market.
In fact I’m surprised that they would appear not to from this article as that ads currency speculation to their business as well.