Jul. 15 at 12:26 AM
$IBM HSBC downgraded shares of the software and consulting giant
$IBM to “Reduce”, which is the equivalent of a “Sell” rating—from Hold while slashing its price target from
$231 to
$191.
According to Barron’s, rather than invest in
$IBM , HSBC recommends investors buy 1.19 shares of
$IONQ, 1.22 shares of
$SAP, 0.16 shares of
$ACN, and 0.95 shares of
$HPQ. The result is a so-called synthetic IBM that replicates the company’s exposure to quantum computing, software, consulting, and hardware, respectively.
Ref: https://www.barrons.com/articles/hsbc-downgrades-ibm-stock-02d5af86?mod=stockoverview
