Why Top Analyst Still Says Buy IBM, Even As Its Cloud Business Slows
IBM (NYSE:IBM) beat third-quarter expectations as strong performance in its Infrastructure and Automation divisions successfully offset a surprising slowdown in key software segments like Red Hat. • IBM shares are experiencing downward pressure. Find out more here.Driven by the success of its z17 mainframe, IBM raised its full-year financial guidance, signaling confidence that it can overcome the weaker-than-expected results from its cloud software business.BofA Securities analyst Wamsi Mohan maintained a B ...