Barclays, Overweight, $55 Target
Sanford Bernstein, Market Perform, $51 Target
JPMorgan, Overweight, $50 Target
Credit Suisse, Underperform, $40 Target
There are five over-tenured directors and four directors with whom CEO Ginni Rometty works with outside of the company, according to BoardEx.
Here are the activist investor's next potential targets.