Oppenheimer Downgrades IBM Amid Disappointing Earnings and Weak Outlook
IBM reported weaker-than-expected preliminary Q2 results, leading to a 25% drop in its stock—the worst day ever for the company. Oppenheimer downgraded IBM from Outperform to Perform due to lackluster progress toward financial goals and uncertainty about meeting full-year guidance.
Tickers: $IBM
Topics: IBM Oppenheimer downgrade Q2 earnings miss