December 21, 2012 at 09:28 AM EST
UPDATE: Topeka Capital Markets Initiates International Business Machines at Buy on 2013 Outlook
Topeka Capital Markets initiated coverage on International Business Machines (NYSE: IBM ) with a Buy rating and a $245 price target. Topeka Capital Markets noted, "Although we expect relatively modest IT spending growth in 2013, we believe IBM's portfolio plays into the key secular IT trends such cloud computing,
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