IBM (IBM) Stock Falls Over 4% as Third Quarter Revenues Miss Street

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IBM (IBM) PT Lowered to $153 at BMO Capital

October 21, 2021 7:39 AM EDT

BMO Capital analyst Keith Bachman lowered the price target on IBM (NYSE: IBM) to $153.00 (from $155.00) while maintaining a Market Perform rating.

The analyst commented, "We view the quarter as mixed. Cognitive revenue was weaker and we still struggle supporting guidance that... More