IBM removed from ‘Tactical Outperform’ list at Evercore ISI

Evercore ISI analyst Amit Daryanani is removing IBM from the firm’s "Tactical Outperform" list as the potential catalyst for its call, namely the company’s earnings report, took place last week. IBM reported upside to December quarter results and provided 2023 guidance that was "largely positive on both a top line and FCF basis," the firm said. Evercore has an In Line rating and $150 price target on IBM shares.