IBM: IBM +1.1% and NetApp (NTAP) -1.2% after UBS...

9:19 AM IBM +1.1% and NetApp (NTAP) -1.2% after UBS upgrades the former to Buy and downgrades the latter to Neutral. The firm argues IBM is well-positioned for the transition towards delivering IT solutions as services (ed: some companies are bigger fans of this than others), and also likes its ability to execute. Whereas UBS thinks that same transition could hurt NetApp due to a narrow product focus. NetApp has made efforts to embrace cloud infrastructure platforms such as Amazon Web Services, but such platforms still act as a threat to traditional storage sales. IBM's Q1 report is due on April 18. Read comments

IBM price at time of publication: $209.22. Check IBM price now »

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