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IBM Stock Dropping Ahead of Q2 Earnings

NEW YORK (TheStreet) -- Shares of IBM (IBM) are sliding 0.48% to $159.54 this afternoon as the company prepares to report earnings for the second quarter of 2016 on Monday, July 18 after the market close.

Analysts surveyed by Thomson Reuters are looking for earnings of $2.89 per share on revenue of $20.029 billion.

For the second quarter of 2015, IBM reported non-GAAP earnings of $3.84 per share on revenue of $20.08 billion.

Barclays raised its price target on the stock to $140 from $125 this morning in...


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