JPMorgan Chase Board Considers Dimon Report and 3 Dow Movers to Follow

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.”

ibm

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