Sign up for our newsletter
Technology / AI and automation

IBM SHARES JUMP AFTER SALOMON RECOMMENDATION

Shares of IBM Corp jumped yesterday after Salomon Brothers Inc raised its recommendation on the company, setting a 12-month target price of $145 for the shares. It traded up $4 at $115.75 in active trading after John Jones at Salomon upgraded it to strong buy from buy, citing rising near-term confidence in the computer maker’s fundamentals, in particular the new CMOS 390s.

White papers from our partners


This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.