RBC Capital Markets Lowers Price Target on IBM but Maintains Outperform Rating
On May 7, RBC Capital Markets lowered its price target for International Business Machines Corporation (IBM) to $300 from $330 while maintaining an 'Outperform' rating. The adjustment reflects compressed peer valuation multiples and insights gained at IBM's Think user conference.
Tickers: $IBM
Topics: AI hybrid cloud IBM Outperform rating price target RBC Capital Markets