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Stock impact report

Morgan Stanley Lowers PT on International Business Machines Corporation (IBM) Stock [Yahoo! Finance]

International Business Machines Corporation (IBM) 
Last international business machines corporation earnings: 4/20 04:08 pm Check Earnings Report
US:NYSE Investor Relations: ibm.com/investor
Company Research Source: Yahoo! Finance
Morgan Stanley Lowers PT on International Business Machines Corporation (IBM) Stock On February 25, Morgan Stanley analyst Erik Woodring reduced the firm's price objective on the company's stock to $247 from $304, while keeping an “Equal Weight” rating, as reported by The Fly. The firm highlighted AI disruption risk entering the debate after the Claude Code tool release. Morgan Stanley believes that there is a need to distinguish between the new tool, which might make COBOL modernization easier, cheaper, or faster compared to the stickiness of the International Business Machines Corporation (NYSE:IBM)'s mainframe. The firm maintained its “Equalweight” rating, considering the lack of conviction, even though the risk-reward remains positively skewed. It noted the sustained software reacceleration, FCF upside, or quantum developments as critical catalysts for the re-rating. In a different release, on February 24, UBS upgraded the company's stock to “Neutral” from “Sell,” setting Show less Read more
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