IBM price target raised to $310 from $290 at Stifel

Stifel analyst David Grossman raised the firm’s price target on IBM (IBM) to $310 from $290 and keeps a Buy rating on the shares. While fundamentals are stable/positive, there may be difficult to predict upward earnings revisions in the current environment, which creates incremental risk into the earnings report and may suggest that a post-Q2 report is a more opportunistic entry point, the analyst tells investors in a research note.

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