Goldman Sachs Raises IBM (IBM) Price Target to $223
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Price: $233.69 --0%
Rating Summary:
19 Buy, 22 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
19 Buy, 22 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs raised their price target on Buy-rated IBM (NYSE: IBM) from $205 to $223 as they move their P/E multiple from 14x to 15x.
The higher multiple reflects "stabilization in the enterprise spending environment and an increase in the market multiple."
For an analyst ratings summary and ratings history on IBM click here. For more ratings news on IBM click here.
Shares of IBM closed at $205.48 yesterday.
The higher multiple reflects "stabilization in the enterprise spending environment and an increase in the market multiple."
For an analyst ratings summary and ratings history on IBM click here. For more ratings news on IBM click here.
Shares of IBM closed at $205.48 yesterday.
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