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Technology / AI and automation

COWEN ANALYST UPGRADES IBM TO STRONG BUY

Cowen & Co analyst Stephen Weber upgraded IBM Corp to strong buy from buy after the surprisingly strong second quarter earnings: he is now looking for $4.15 a share from $3.15 and he raised his 1995 forecast to $6.50 from $5.25; he sees the company trading in the $75 to $80 range within six months, and sees $90 to $100 within 18 months.

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CBR Staff Writer

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