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International Business Machines Corp. (NYSE:IBM)‘s stock had its “in-line” rating restated by stock analysts at Morgan Stanley in a report issued on Wednesday, American Banking reports.

The analysts wrote, “Guidance doesn’t appear conservative,” the report noted. “Despite weak 2013 results, full-year 2014 guidance bets on better execution and profit acceleration in most of IBM’s businesses. Software, Services and Financing Pre-Tax Income (PTI) needs to grow high single-digits Y/Y, compared to 3% in 2013, to hit FY14 EPS guidance of $18. We expect most of the increase to come from software but a shrinking hardware installed base, workload migration to cloud, and weaker transactional outsourcing revenue are all potential risks.”

International Business Machines Corp. (NYSE:IBM) last released its earnings data on Tuesday, January 21st. The company reported $6.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $5.99 by $0.14. The company had revenue of $27.70 billion for the quarter, compared to the consensus estimate of $28.26 billion. During the same quarter in the prior year, the company posted $5.39 earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis.

Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Agricole upgraded shares of International Business Machines Corp. from an “outperform” rating to a “buy” rating in a research note to investors on Friday, January 17th. They now have a $225.00 price target on the stock, up previously from $215.00. Separately, analysts at TheStreet reiterated a “buy” rating on shares of International Business Machines Corp. in a research note to investors on Tuesday, January 14th. Finally, analysts at Atlantic Securities initiated coverage on shares of International Business Machines Corp. in a research note to investors on Monday, January 13th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $201.25.

International Business Machines Corporation (NYSE:IBM) is an information technology (IT) company.

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