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Actionable news in IBM: INTERNATIONAL BUSINESS MACHINES CORPORATION,

Leading analyst says IBM stock could fall 18% and Watson won't save the day

IBM's stock is poised to fall 18 percent and the company's AI supercomputer, Watson, won't move the needle, Jefferies' James Kisner told CNBC on Wednesday.

The iconic technology company's stock fell Tuesday after it reported revenue was down year over year for the 21st-straight quarter, off by more than 4 percent. The stock was down about 3.5 percent premarket Wednesday, trading below $149 a share.

"The company missed some opportunities. If they had acquired Salesforce years ago, that might have been something they could do," Kisner said on "Squawk Box."

Kisner has an underperform rating on the...


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