BofA lowered the firm’s price target on IBM (IBM) to $300 from $340 and keeps a Buy rating on the shares ahead of the company’s fiscal Q1 report due on April 22. The firm anticipates focus to be on the Confluent integration and contribution to FY26, RedHat consumption growth, and the sustainability of IBM’s software and consulting segments given the recent disruption narrative in the industry, the analyst tells investors in a preview.
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