The 'Halftime Report' traders debate the upside for IBM, one of the Dow's best performers in July. They're split on the value of the Red Hat acquisition and the quality of leadership at the company.
its coverage of IBM at an overweight rating and $170 price target on Thursday. The analyst argues that investors are missing the recent acceleration in IBM's core revenues, which they believe should be propelled further by the Red Hat deal.of Short Hills Capital Partners, who sold his IBM shares in May after not seeing the revenue growth he had hoped for, remains bearish..
Though Najarian shares Weiss' concerns about Rometty, he thinks the Red Hat acquisition can solve that problem too, in the form of their CEO Jim Whitehurst.
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