BMO Capital analyst Keith Bachman raised the firm’s price target on IBM (IBM) to $350 from $305 and keeps a Market Perform rating on the shares. The company delivered a reasonable quarter with softness in Red Hat and Consulting but strong growth in Data and free cash flow, the analyst tells investors in a research note. IBM has an attractive strategy and positioning, though BMO “does not find the valuation appealing”, the firm added.
Claim 55% Off TipRanks
Forget margin or options. Here's how the pros trade IBMPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IBM: