BMO Capital Maintains Market Perform on IBM, Lowers Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman maintains a Market Perform rating on IBM and lowers the price target from $210 to $190.
April 25, 2024 | 4:28 pm
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BMO Capital maintains a Market Perform rating on IBM and reduces the price target from $210 to $190.
The reduction in IBM's price target by BMO Capital suggests a more cautious outlook on the stock's future performance. This adjustment reflects the analyst's view on IBM's valuation and potential growth, likely influencing investor sentiment and possibly leading to a short-term negative impact on IBM's stock price.
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