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摩根士丹利:上調IBM(IBM.US)評級至增持 稱其為“宏觀風暴”中的庇護所
格隆匯 04-15 20:28
格隆匯4月15日丨摩根士丹利分析師Erik Woodring將IBM(IBM.US)的評級從持有提升至增持,目標價從147美元提升至150美元,稱IBM在日益增長的宏觀風險中為投資者提供了一個庇護所。Woodring在一份客户通知中説,"雖然經濟衰退還不是基本情況(base case),但我們的美國經濟團隊認為美國經濟衰退的風險在上升,並預測採購經理指數在減速,表明進入了週期晚期,這時IT硬件股通常表現比標普500指數差。更重要的是,我們最近的AlphaWise CIO調查和VAR檢查表明,隨着企業應對地緣政治的不確定性和成本的上升,硬件預算即將被削減。"Woodring表示,IBM處於"經受宏觀風暴"的有利位置,是一個穩健的“防禦型投資”,且可能會在IT硬件預算削減的情況下表現更好,因為該公司一半以上的銷售額來自經常性收入來源,只有20%的收入直接與硬件和操作系統有關。
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