Societe Generale Downgrades IBM to Sell, Announces $143 Price Target
Portfolio Pulse from Benzinga Newsdesk
Societe Generale analyst Richard Nguyen downgraded IBM from Hold to Sell and set a price target of $143.
January 05, 2024 | 12:10 pm
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NEGATIVE IMPACT
IBM was downgraded by Societe Generale from Hold to Sell with a new price target of $143.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock's price. The new price target of $143 suggests a belief that the stock may be overvalued at its current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100