Exane BNP Paribas Initiates Coverage On IBM with Underperform Rating, Announces Price Target of $145
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Stefan Slowinski initiates coverage on IBM with an Underperform rating and a price target of $145.
May 02, 2024 | 11:19 am
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Exane BNP Paribas initiated coverage on IBM with an Underperform rating and a price target of $145.
The initiation of coverage by Exane BNP Paribas with an Underperform rating suggests a bearish outlook on IBM's stock in the short term. The price target of $145, depending on the current trading price, may indicate a downside potential. Analyst ratings can significantly influence market perception and investor sentiment, potentially leading to a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100