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IBM Earnings Estimates Raised at Barclays

NEW YORK (TheStreet) -- International Business Machine (IBM) earnings estimates were raised for the fiscal 2016 first and second quarter to $13.48 from $13.32, and to $13.87 from $13.51, respectively, at Barclays this morning.

The firm also boosted the company's price target to $140 from $125 and has an "underweight" rating on the stock.

In a "teeter totter" affect, Barclays says it's lowering the company's revenue estimates for the June quarter and circa 2016 to $19.5 billion...


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