Morgan Stanley Maintains Equal-Weight on IBM, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erik Woodring has maintained an Equal-Weight rating on IBM (NYSE:IBM) but lowered the price target from $135 to $130.
October 17, 2023 | 2:24 pm
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Morgan Stanley has maintained an Equal-Weight rating on IBM but lowered the price target from $135 to $130.
The lowering of the price target by Morgan Stanley indicates a less optimistic outlook for IBM's stock in the short term. This could potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100