The Zhitong Finance App learned that IBM (IBM.US) received Stifel's buying rating on the eve of the upcoming release of the Q3 earnings report. Earlier this week, the stock closed at a record high. Stifel also raised IBM's price target from $205 to $246. Furthermore, although Stifel expects IBM's revenue to be lower than the previous quarter due to seasonal factors, earnings per share may exceed expectations. IBM closed at a record high of $235.26 on Monday and continued to soar on Tuesday, hitting a new intraday high of $237.37.

Zhitongcaijing · 10/17 02:09
The Zhitong Finance App learned that IBM (IBM.US) received Stifel's buying rating on the eve of the upcoming release of the Q3 earnings report. Earlier this week, the stock closed at a record high. Stifel also raised IBM's price target from $205 to $246. Furthermore, although Stifel expects IBM's revenue to be lower than the previous quarter due to seasonal factors, earnings per share may exceed expectations. IBM closed at a record high of $235.26 on Monday and continued to soar on Tuesday, hitting a new intraday high of $237.37.