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IBM’s Transformation Has Become ‘Tedious,’ Says Barclays

The Street continues to pile up assessments for IBM’s Q2 report tomorrow afternoon, after the closing bell. Not all of them positive.

Barclays’s Mark Moskowitz today reiterated an Underweight rating on IBM shares, and cut his price target to $132 from $141, asking whether it is now time for “IBM to bravely cut the full-year outlook,” as the company’s transformation has to him become “tedious."

You’ll recall that IBM on April 19th reiterated...


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