IBM shares are trading higher after RBC Capital initiated coverage on the stock buy an Outperform rating and $188 price target.
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has initiated coverage on IBM with an Outperform rating and a price target of $188. This has led to a rise in IBM's stock price.
September 20, 2023 | 2:39 pm
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POSITIVE IMPACT
IBM's stock price is trading higher following RBC Capital's initiation of coverage with an Outperform rating and a $188 price target.
The initiation of coverage by RBC Capital with an Outperform rating and a high price target indicates a positive outlook for IBM. This has led to increased investor confidence, resulting in a rise in IBM's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100