IBM Shares Set Record as Analysts See Stock at $175
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International Business Machines Corp. shares climbed to their third record in as many days as analysts raised their price estimates for the stock on increasing spending by corporations.
The shares rose 3.4 percent today after IBM posted sales and profit that topped estimates after-market yesterday. More than half of IBM analysts tracked by Bloomberg increased their price targets, including six who predict the stock will reach at least $175.