IBM: Oracle or Microsoft-Like Multiple Possible, Says Morgan Stanley

Tech Trader Daily
By Tiernan RayJan 12, 2017, 11:35 am215 pts
Shares of International Business Machines (IBM) are down $1.42, or 0.9%, at $166.33, after Morgan Stanley’s Katy Huberty this morning reiterated an Overweight rating on the shares, and a $187 price target, writing that the stock can see a higher valuation multiple as its “Watson” A.I. effort begins to pay…

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