IBM: UBS remains 'neutral' after analysts' meeting.
(CercleFinance.com) - UBS retains "neutral" rating on IBM with a price target of 185 dollars after the analysts' meeting held by the technology services company yesterday.
The broker notes that IBM's CEO Ginni Rometty described IBM a "cloud platform, cognitive computing, industry-focused company."
In particular UBS highlights the "Watsonification" of IBM, after the name of Watson - the supercomputer AI system that the group developed a few years ago.
"Putting Watson front and center is excellent positioning though disproportionate to its financial impact today," UBS warns.
While the broker says it cannot see major negative catalysts; it also points out that upside seems limited as well.
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