Jefferies Maintains Hold on IBM, Lowers Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Brent Thill has maintained a Hold rating on IBM, while lowering the price target from $210 to $190.

April 25, 2024 | 12:40 pm
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Jefferies has maintained a Hold rating on IBM but lowered the price target from $210 to $190.
The reduction in price target by Jefferies, a reputable financial analysis firm, could lead to a negative short-term sentiment among investors, potentially causing IBM's stock price to decrease. The Hold rating indicates that the analyst does not see significant upside or downside in the near term, but the lowered price target suggests a reassessment of IBM's future growth prospects or market conditions that could affect its stock price negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100