
One former Wall Street darling that has been a serial underperformer during the greatest bull market of all time was the recipient of an upgrade Friday morning. That company is International Business Machines Corp (NYSE:IBM), and it's the PreMarket Prep Stock of the Day.
Long-Term IBM Price Action: IBM made its all-time high in February 2017 at $174.59. At the price of $129.50, it has a negative return of 26%. Over that same course of time, the S&P 500 index has yielded a positive return of 87% at 4,436.