Morgan Stanley Maintains Equal-Weight on IBM, Lowers Price Target to $208
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erik Woodring maintains an Equal-Weight rating on IBM and lowers the price target from $217 to $208.
October 24, 2024 | 4:47 pm
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Morgan Stanley has maintained its Equal-Weight rating on IBM but has lowered the price target from $217 to $208, indicating a slightly less optimistic outlook.
The lowering of the price target by Morgan Stanley suggests a less optimistic view on IBM's short-term performance, which could lead to a negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target is a bearish signal.
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IMPORTANCE 80
RELEVANCE 100