UBS Maintains Sell on IBM, Raises Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
UBS analyst David Vogt maintains a Sell rating on IBM but raises the price target from $130 to $145.
September 04, 2024 | 2:12 pm
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UBS analyst David Vogt continues to recommend selling IBM shares, but has increased the price target from $130 to $145, indicating a slightly more optimistic outlook.
The analyst's decision to maintain a Sell rating suggests a bearish outlook, but the raised price target indicates some positive factors influencing IBM's valuation. This mixed signal may lead to neutral short-term price movement.
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RELEVANCE 100