Stifel Nicolaus Maintains Their Buy Rating on IBM

By Jason Carr

In a report released today, David Grossman from Stifel Nicolaus maintained a Buy rating on IBM (NYSE: IBM), with a price target of $178. The company’s shares closed yesterday at $144.52.

According to TipRanks.com, Grossman is a 5-star analyst with an average return of 19.0% and a 72.6% success rate. Grossman covers the Technology sector, focusing on stocks such as Automatic Data Processing, Wageworks Inc, and Athenahealth.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for IBM with a $173.29 average price target, a 19.9% upside from current levels. In a report issued on July 8, RBC Capital also reiterated a Buy rating on the stock with a $175 price target.

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The company has a one-year high of $171.13 and a one-year low of $137.45. Currently, IBM has an average volume of 4.2M.

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