- The shares of IBM (NYSE: IBM) have recently received a price target increase from $152 to $164 from Morgan Stanley. These are the details.
The shares of IBM (NYSE: IBM) have recently received a price target increase from $152 to $164 from Morgan Stanley. And Morgan Stanley analyst Katy Huberty is maintaining an “Equal Weight” rating on the company shares following the company’s second-quarter results.
Huberty said that IBM’s second-quarter results show the company improving execution and a strengthening demand environment. Plus stronger Global Business Services, cloud, and cognitive software growth is building confidence in IBM’s ability to reach sustainable mid-single-digit revenue growth.
However, IBM’s investments to drive growth will limit the short-term earnings upside.
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