Morgan Stanley Maintains Equal-Weight on IBM, Raises Price Target to $217
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained its Equal-Weight rating on IBM while raising the price target from $182 to $217, indicating a positive outlook.
October 17, 2024 | 2:10 pm
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Morgan Stanley has maintained its Equal-Weight rating on IBM and increased the price target from $182 to $217, suggesting a more optimistic view on IBM's future performance.
The increase in price target from $182 to $217 by Morgan Stanley indicates a positive outlook for IBM, which could lead to a short-term increase in stock price as investors react to the new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100