Reported 1 day ago
Stifel analyst David Grossman has reiterated a 'Buy' rating for IBM, raising its price target from $290 to $310 ahead of the company's second-quarter earnings report on July 23. The firm views IBM as a 'stable/defensive compounder' with moderate revenue growth and potential margin expansion. However, Grossman cautioned that forecasting earnings revisions may be challenging in the current market, suggesting a post-earnings assessment might be wiser for investors.
Source: YAHOO