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IBM Facing Tough Fight To Win In AI Despite Watson's Strengths

In a research note this morning, Jefferies analyst James Kisner cut his price target for IBM (IBM) saying that while the company may offer one of the more mature cognitive computing platforms today, the "hefty services" component of many Artificial Intelligence deployments will be a hindrance to adoption.

TOUGH FIGHT IN AI: Jefferies' Kisner lowered his price target for IBM to $125 from $135, while reiterating an Underperform rating on the shares. The analyst told investors that his channel...