IBM - Bull Of The Day | Daily Markets

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IBM - Bull Of The Day

By Zacks Investment Research on March 13, 2009 | More Posts By Zacks Investment Research | Author's Website

As a result of its large non-US revenue base, IBM Corporation (IBM) has been better insulated from recent weakness in the U.S. economy than many of its peers.

IBM’s Q408 results indicate its strong position in emerging markets, which should continue to help drive growth. Moreover, the company has focused on driving its bottom line through cost-cutting efforts.

The company’s long term prospects look brighter as it maintains a strong position in the software and services market. We maintain our Buy rating on IBM shares and raise our target price to $120.00.

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