Morgan Stanley Reiterates Equal-Weight on IBM, Maintains $135 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erik Woodring has reiterated an Equal-Weight rating on IBM and maintained a price target of $135.

July 12, 2023 | 1:25 pm
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Morgan Stanley has reiterated an Equal-Weight rating on IBM, maintaining a price target of $135.
The news is directly about IBM and is likely to have a neutral impact on its stock price in the short term. The Equal-Weight rating suggests that Morgan Stanley believes IBM's stock is fairly valued at its current price. The maintained price target indicates that the analyst does not expect significant price movement in the near future.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100