Form 8-K INTERNATIONAL BUSINESS For: Apr 24

Go back to Form 8-K INTERNATIONAL BUSINESS For: Apr 24

IBM (IBM) PT Lowered to $179 at Morgan Stanley, 'shares are largely fair valued'

April 25, 2024 6:36 AM EDT

Morgan Stanley analyst Erik Woodring lowered the price target on IBM (NYSE: IBM) to $179.00 (from $186.00) while maintaining a Equalweight rating.

The analyst comments "IBM reported 1Q rev/EPS roughly in-line with MSe, and reiterated CY24 guidance (in CC). However, emerging Consulting weakness, a... More

Evercore ISI Comments on IBM (IBM) Earnings

April 24, 2024 4:52 PM EDT

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $215.00 price target on IBM (NYSE: IBM).

The analyst comments "We think the print is fairly strong specially the software inflection. Questions will be around Consulting deceleration here (~2% in march-qtr vs. 5% in Dec-qtr). In... More