Stifel Nicolaus Lowers IBM Price Target Ahead of Earnings Report
Stifel Nicolaus has lowered its price target for International Business Machines (IBM) from $340 to $290, maintaining a 'Buy' rating. The adjustment comes ahead of IBM's first-quarter earnings report and accounts for potential challenges from the Gulf conflict and the early closure of the Confluent acquisition. The firm still sees room for a 26% upside from current levels.
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