Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Morgan Stanley Initiates IBM Corp. with 'Neutral'

Morgan Stanley initiated coverage on IBM Corp. (IBM) with neutral.

Analyst Rebecca Runkle says core competencies and positioning should allow IBM to maintain, if not grow, key market shares in the next five years. However, valuation suggests limited upside from current levels. With the broadest and deepest product portfolio, as well as enviable account penetration, she thinks IBM is well positioned to weather the economic storm. The question is, will growth strategy finally kick in? Technology segment weakness and the potential slowdown in Services momentum, as well as investor concern about the Gerstner succession may provide more attractive entry points. She would be more aggressive at $85-$90. Runkle sees $4.33 2001 EPS, and $4.70 EPS for 2002.

blog comments powered by Disqus