UPDATE: Deutsche Bank Lowers PT on International Business Machine on Non-GAAP EPS Report
April 19, 2013 at 12:28 PM EDT
In a report published Friday, Deutsche Bank analyst Chris Whitmore reiterated a Buy rating on International Business Machines Corp. (NYSE: IBM ), but lowered the price target from $240.00 to $225.00. In the report, Whitmore noted, “IBM posted non-GAAP EPS of $3.00 on revs of $23.4B (vs. DB at $25.0B/$3.09,
