Canaccord Genuity Downgrades IBM (IBM) to Hold, Maintains $180 Price Target

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An analyst at Canaccord Genuity downgraded shares of IBM (NYSE: IBM) from Buy to Hold Monday morning. The firm maintains a $180 price target.

IBM shares are currently indicated about 0.5 percent lower in pre-market action. With shares around $163.18, Canaccord's price target implies potential upside of about 10 percent from where the stock is recently trading.

For more ratings news on IBM click here and for the rating history of IBM click here.

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