(Bloomberg) -- International Business Machines Corp. climbed to the highest level in five years after Goldman Sachs & Co. upgraded the world's largest computer-services provider and said earnings may rise because of an accelerated share repurchasing plan.
Analyst Laura Conigliaro, who raised her rating to ``buy'' from ``neutral,'' also cited a ``coming tailwind'' from the company's decreasing pension costs. She expects earnings growth of 13 percent this year and 16 percent next year.
Read more at Bloomberg Stocks News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment