Credit: Shutterstock photoA study of analyst recommendations at the major brokerages shows that International Business Machines Corp (Symbol: IBM) is the #24 broker pick, on average, out of the 30 stocks making up the Dow Jones Industrial Average, according to ETF Channel . Within the broader S&P 500, when components were ranked in terms of analyst favorites, IBM claims the #364 spot.
Below is a chart of rank over time:
IBM operates in the Information Technology Services sector, among companies like Automatic Data Processing Inc. ( ADP ) which is up about 0.1% today, and Cognizant Technology Solutions Corp. ( CTSH ) trading lower by about 6.4%. Below is a three month price history chart comparing the stock performance of IBM, versus ADP and CTSH.
IBM is currently trading down about 0.4% midday Thursday.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
