Evercore ISI Group Upgrades IBM to Outperform, Raises Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Amit Daryanani has upgraded IBM from In-Line to Outperform and increased the price target from $165 to $200.
January 19, 2024 | 12:30 pm
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POSITIVE IMPACT
IBM has been upgraded by Evercore ISI Group from In-Line to Outperform with a raised price target from $165 to $200, indicating a positive outlook on the stock.
Upgrades by analysts, especially from a reputable firm like Evercore ISI Group, can lead to increased investor confidence and a potential rise in stock price. The substantial increase in the price target suggests a strong conviction in IBM's future performance, which may positively influence the stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100