BMO Capital Maintains Market Perform on IBM, Raises Price Target to $155
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman maintains a 'Market Perform' rating on IBM and raises the price target from $152 to $155.
October 26, 2023 | 2:23 pm
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NEUTRAL IMPACT
BMO Capital maintains a 'Market Perform' rating on IBM and raises the price target from $152 to $155.
The news is directly related to IBM as BMO Capital maintains its 'Market Perform' rating on the company and raises the price target. This suggests that the analyst sees potential in the company's performance, which could influence investor sentiment and potentially the stock price. However, the 'Market Perform' rating indicates that the analyst expects IBM's stock to perform roughly in line with the broader market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100