Oppenheimer starts IBM with Outperform

Oppenheimer analyst Param Singh initiated coverage of IBM stock with an Outperform rating and a $320 price target.
Oppenheimer analyst predicts IBM's Red Hat-driven software growth could lead to 20% growth, boosting margins and stock value.
“[We] have argued that context is important and that equity markets came into the year priced for perfection, leaving them vulnerable to disappointments,” Peter Oppenheimer, chief global ...