The risk/reward is more balanced at present stock price levels, but ultimately IBM will need to return to growth to drive stock price appreciation," Joseph Foresi, an analyst at Janney Capital Markets, said in a note.
Janney Capital Markets'Joseph Foresi said that stepping back from the 2015 guidance may be a silver lining for the company, providing a chance for IBM "to shift its focus more toward growth initiatives and away from running the business to a specific long-term financial result."
The risk/reward is balanced at present stock price levels, but ultimately IBM will need to return to growth in order to drive margins and reach long term targets," said Joseph Foresi at Janney Capital Markets in a note.
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