IBM: Canaccord Downgrades on Valuation Basis

Canaccord Adams analyst Peter Misek this morning cut his rating on IBM (IBM) to Hold from Buy on valuation basis. He maintains his $110 price target. “The share price has performed well during a volatile bear market, and while we continue to believe IBM is one of the more defensive names within the technology sector, the risk-reward level is more balanced with less than 8% return to our target price,” he writes.

Read the rest of this post


comments so far. Add yours.

Must-Reads from other Web sites

Daniel Terdiman

Meet the tireless entrepreneur who squatted at AOL

Felix Salmon

Mark Zuckerberg’s unpleasant new life

Simon Rogers

Anyone can do it. Data journalism is the new punk

Rachel Strugatz

Fashion World Mulls Facebook IPO’s Impact

Jeffrey R. Young

The Unabomber’s Pen Pal

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Web Sites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other Web sites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Voices is edited by Beth Callaghan.

Latest Video

View all videos »

Search »