Oppenheimer Downgrades IBM Following Historic Stock Drop
IBM experienced its worst single-day stock drop on July 14, losing over 25% of its value and $68 billion in market capitalization. The decline followed an unscheduled letter from CEO Arvind Krishna warning about a disappointing second quarter. Oppenheimer subsequently downgraded IBM's rating after maintaining bullish sentiment throughout much of 2026.
Tickers: $IBM