IBM is downgraded to Hold with $200 price target at Goldman. The team says the business model...

|By:, SA News Editor

IBM is downgraded to Hold with $200 price target at Goldman. The team says the business model isn't working as hoped and the company may see intensifying pressure on its high-margin revenue streams in coming quarters. The 2013 EPS estimate is cut to $16.61 from $16.71; 2014 to $17.92 from $18.10. Shares -1% premarket.