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Veteran Bank Issues Stark Message on IBM Stock
GuruFocus ·
GuruFocus reports: IBM (IBM) received a Hold rating from Truist Securities on Friday as the firm began covering the technology company with a $240 price target. The move puts the focus on whether its AI-related offerings can generate customer demand soon enough to offset execution concerns, according to a Friday analyst note. Analyst Arvind Ramnani sees IBM as having several routes into enterprise AI. Its mainframe systems handle transaction workloads, watsonx Orchestrate coordinates tasks…