I.T. superpower International Business Machines Corp. ( IBM ) on Monday saw its coverage re-initiated with a "Neutral" rating by analysts at Goldman Sachs.
The firm also set a $150 price target on IBM, which implies a small upside to the stock's Friday closing price of $144.82. Goldman noted it sees secular strength in I.T., but doesn't expect any near-term catalysts to push the stock higher.
The analyst said it expects full-year 2010 EPS of $11.45, and full-year 2011 EPS of $12.48.
IBM shares were mostly flat in premarket trading Monday.
The Bottom Line
Shares of IBM Corp ( IBM ) have a 1.80% dividend yield, based on Friday's closing stock price of $144.82. The stock has technical support in the $138 price area. The shares are trading near all-time highs and have little overhead resistance.
International Business Machines Corp. ( IBM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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