IBM price target raised to $345 from $330 at Evercore ISI

Evercore ISI raised the firm’s price target on IBM (IBM) to $345 from $330 and keeps an Outperform rating on the shares following an earnings report that exceeded expectations. Revenue hit $19.7B, surpassing the anticipated $19.2B, with growth fueled by a robust performance across all segments, the analyst tells investors in a post-earnings note.

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