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Business and Finance
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International Business Machines (NYSE:IBM) Rating Lowered to "Hold" at StockNews.com
- StockNews.com downgraded shares of International Business Machines (NYSE:IBM - Free Report) from a buy rating to a hold rating in a research report released on Wednesday. A number of other equities research analysts have also recently weighed in on IBM.
The article from ETF Daily News discusses a recent downgrade of International Business Machines (IBM) by StockNews.com, where the rating was lowered from "buy" to "hold." This downgrade reflects a more cautious outlook on IBM's stock performance. The article also mentions that IBM's stock opened at $155.18 on the day of the downgrade. Additionally, IBM has a market capitalization of $141.76 billion, a P/E ratio of 20.90, and a beta of 0.76, indicating it's less volatile compared to the market. The stock's 50-day moving average is $146.17, and the 200-day moving average is $142.50, suggesting a slight upward trend in its stock price recently. The article also provides financial health indicators like a current ratio of 0.96, a quick ratio of 0.93, and a debt-to-equity ratio of 2.28, alongside analyst price targets and ratings from other firms like BMO Capital Markets and Bank of America, which have set price targets ranging from $145.00 to $170.00.
Read the Full ETF Daily News Article at [ https://www.etfdailynews.com/2024/11/24/international-business-machines-nyseibm-rating-lowered-to-hold-at-stocknews-com/ ]
Read the Full ETF Daily News Article at [ https://www.etfdailynews.com/2024/11/24/international-business-machines-nyseibm-rating-lowered-to-hold-at-stocknews-com/ ]
