RBC Capital Analyst Maintains Hold Rating on International Business Machines Corp. (IBM)
RBC Capital analyst Amit Daryanani weighed in on International Business Machines Corp. (NYSE:IBM) following the company’s slight revenue upside in the June quarter. The analyst maintains a Hold rating and raises his IBM price target from $155 to $165.
Daryanani explains that “Given concerns around Brexit implications, & tough H2:16 set-up,” it is important to remain cautious when it comes to investing in IBM near-term.
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