Morgan Stanley Raises Price Target for IBM Stock
On June 23, Morgan Stanley raised its price target for International Business Machines (IBM) stock to $267 from $225 while maintaining an 'Equal Weight' rating. The firm cited stronger-than-expected demand in the enterprise server market and increased EPS estimates by 5%–6%. JPMorgan also upgraded IBM's rating to 'Overweight' with a higher price target of $291.
Topics: AI Infrastructure Cloud Computing IBM JPMorgan Morgan Stanley