JPMorgan cuts IBM stock price target to $250 on mainframe weakness

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JPMorgan cuts IBM stock price target to $250 on mainframe weakness

AI Summary

JPMorgan has reduced the stock price target for IBM to $250, citing weaknesses in the mainframe sector. This downgrade highlights concerns over IBM's performance in its legacy hardware business.

Markets AI & Tech JPMorgan IBM stock price target mainframe weakness downgrade

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