IBM Trading Up on an Upgrade from ThinkEquity
From Ticker Sense IBM is currently trading up about 70 cents on an upgrade from ThinkEquity. The firm raised the stock from a Sell to a Buy this morning and increased their price target from $70 to $110. We looked…
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From Ticker Sense
IBM is currently trading up about 70 cents on an upgrade from ThinkEquity. The firm raised the stock from a Sell to a Buy this morning and increased their price target from $70 to $110. We looked back at their historical calls on the stock and wonder if it should really be trading up at all. Below are their IBM recommendations overlayed on the stock’s price chart. (S=Sell, B=Buy)
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
