Morgan Stanley raised its price target on shares of International Business Machines, citing strong enterprise software revenue growth, according to Yahoo Finance.
The revised target reflected the firm’s more favorable outlook on IBM’s software business. Analyst price-target changes can influence investor sentiment toward a stock.
The report documents the upgrade in the target. Such assessments represent the firm’s view rather than guaranteed performance.
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Sources:
https://finance.yahoo.com/markets/stocks/articles/morgan-stanley-raises-pt-international-221804976.html