Morgan Stanley Raises IBM Price Target to $238 from $190
Morgan Stanley lifted its IBM price target to $238 from $190. IBM shares were down approximately 1.08% at $231.59 at 11:27 a.m. ET on October 16.
IBM, the enterprise-computing and AI-services group NYSE:IBM, faces a higher bar for cash generation despite a bigger analyst target, with shares at $231.59, down approximately 1.08%, at 11:27 a.m. ET on October 16. According to The Fly, Morgan Stanley lifted its target to $238 from $190 while keep…