February 5, 2017

International Business Machines Corporation (IBM) Upgraded by Bank of America Corporation

Bank of America Corporation upgraded shares of International Business Machines Corporation (NYSE:IBM) from a neutral rating to a buy rating in a research note published on Tuesday morning.

Other analysts have also recently issued research reports about the stock. Cantor Fitzgerald set a $162.00 target price on shares of International Business Machines Corporation and gave the company a hold rating in a report on Saturday, October 15th. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of International Business Machines Corporation in a report on Saturday, January 21st. Jefferies Group LLC reaffirmed a sell rating and issued a $125.00 target price on shares of International Business Machines Corporation in a report on Friday, January 20th. Citigroup Inc. reaffirmed a neutral rating on shares of International Business Machines Corporation in a report on Friday, January 20th. Finally, Argus reaffirmed a buy rating and issued a $185.00 target price (up previously from $175.00) on shares of International Business Machines Corporation in a report on Monday, January 23rd. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $162.98.




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