IBM price target raised to $315 from $310 at BofA

BofA analyst Wamsi Mohan raised the firm’s price target on IBM (IBM) to $315 from $310 and keeps a Buy rating on the shares following “an overall clean quarter” in which the company beat topline and EPS expectations. Despite a “disappointing mix” of software growth, IBM raised FY25 guidance for total revenue growth in constant currency to more than 5%, the analyst noted.

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