Morgan Stanley Maintains Equal-Weight on IBM, Lowers Price Target to $179
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erik Woodring maintains an Equal-Weight rating on IBM and lowers the price target from $186 to $179.

April 26, 2024 | 4:45 pm
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Morgan Stanley maintains an Equal-Weight rating on IBM and lowers the price target from $186 to $179.
The reduction in price target by Morgan Stanley, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in IBM's stock price. The Equal-Weight rating suggests that the analyst views IBM as adequately valued at its current price, but the lowered target indicates a revision of the expected future performance.
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IMPORTANCE 75
RELEVANCE 100