International Business Machines Co. shares on the New York Stock Exchange fell by 0.9% during trading on Thursday, reaching a low of $175.17. Analysts at various firms have differing opinions on the stock, with some maintaining an “outperform” rating and others giving a “buy” rating. Overall, analysts have a consensus rating of “Hold” with an average target price of $182.53. The company’s recent quarterly earnings report exceeded expectations, with revenue of $14.46 billion. In addition, International Business Machines recently increased its dividend payout to shareholders. Institutional investors have been active in trading International Business Machines stock, with many acquiring new positions in the company. International Business Machines Corporation offers a range of services and solutions globally, focusing on software, consulting, infrastructure, and finance. Investors can stay informed about International Business Machines and other related companies by signing up for a daily email newsletter from MarketBeat.com.
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