Breaking Down Wedbush's Neutral Rating, $140 Target On IBM Ahead Of Earnings

<p>Moshe Katri previews IBM ahead of its quarterly report. He notes that the departure of IBM President Jim Whitehurst could be a perception setback for the "new IBM". Historically, IBM generates EPS growth of ~0% vs the market's average of ~7%. He also breaks down his neutral rating and $140 price target on the company. </p>