Analysts think Big Blue has set the bar too high
 

In its results announcement , IBM gave a full-year profit target many analysts sets the bar too high and will result in the outfit ending up on its back while the bar sails throw the air.

Analysts who are a big fan of bars generally think that Big Blue has made solid progress as it shifts into high-growth areas such as cloud-based services, and both profit and revenue beat analysts’ expectations in the second quarter.

But the company may have over-egged the pudding by sticking to its full-year adjusted earnings forecast of at least $13.50 per share, analysts said, especially after it indicated that profit in the current quarter would come in below estimates.

http://www.techeye.net/business/anal...e-bar-too-high