Goldman Sachs Initiates Coverage On IBM with Buy Rating, Announces Price Target of $200
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has initiated coverage on IBM with a Buy rating and set a price target of $200.

June 24, 2024 | 9:17 am
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Goldman Sachs analyst James Schneider has initiated coverage on IBM with a Buy rating and set a price target of $200.
The initiation of coverage with a Buy rating and a price target of $200 by a major financial institution like Goldman Sachs is likely to positively impact IBM's stock price in the short term. This is because such ratings often influence investor sentiment and can lead to increased buying activity.
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