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 20, 2023 | 1:19 pm
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Morgan Stanley has reiterated an Equal-Weight rating on IBM and maintained a price target of $135.
The news is directly about IBM and comes from a reputable source, Morgan Stanley. The Equal-Weight rating suggests that the stock is expected to perform in line with the market, which doesn't indicate a significant change in the short term. The maintained price target also suggests that the analyst's view on the company hasn't changed.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100