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International Business Machines Corporation (NYSE:IBM): Current price $192.91
Analyst Mark Moskowitz at JPMorgan has lowered his ratings on both IBM and EMC Corporation to Neutral from Overweight, noting that, “Within tech, we think that prospects of a potential bottoming in consensus estimates are improving. In such a case, relative safe haven stocks could be used as a source of funds. The relative safe havens that could see increased selling pressure include EMC and IBM, which is why today we are downgrading both stocks to Neutral from Overweight.”
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