September 4

IBM stocks hit a lifetime high

first_imgWednesday 9 March 2011 8:48 pm whatsapp whatsapp SHARES of International Business Machines (IBM) hit a lifetime high yesterday as analysts welcomed the tech giant’s commitment to double its profit by 2015.IBM shares rose as much as 3.3 per cent to $167.72 (£103.50), their highest level on record adjusted for stock splits, as analysts raised their target price on the company, the day after it reaffirmed its ambitious 2015 earnings target of doubling profit to at least £20 per share. The optimism was limited to IBM. Shares of rivals Microsoft, Apple and Hewlett-Packard all fell. Share KCS-content IBM stocks hit a lifetime high Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Show Comments ▼ Tags: NULLlast_img read more