International Business Machines Corp. (IBM) Only Upside: White

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International Business Machines Corp. (IBM) Only Upside: White

Cantor Fitzgerald analyst Brian J. White reitirates his Buy rating for International Business Machines Corp. (NYSE:IBM), predicting that the sales decline for the ailing company has bottomed out, meaning it can only do better from here.

Last night, International Business Machines Corp. (NYSE:IBM) reported 4Q:13 results that exceeded our projections, and the company provided what we consider a palatable 2014 EPS outlook, while maintaining its 2015 EPS projection. A