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Spinoff Should Help Keep IBM’s Comeback on Track

These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or recommendations of Barron’s. Some of the reports’ issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed.

International Business Machines IBM-NYSE BuyPrice $137.92 on July 19 by BofA Securities

IBM…

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