
International Business Machines (NYSE:IBM) Hits New 1-Year High on Analyst Upgrade

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International Business Machines (NYSE:IBM) reached a new 52-week high of $308.85 after UBS Group raised its price target from $200 to $210, despite maintaining a sell rating. Analysts have mixed opinions, with one strong buy, seven buys, eight holds, and one sell. IBM reported Q3 earnings of $2.65 per share, exceeding estimates, and announced a quarterly dividend of $1.68 per share, with a yield of 2.2%. The company has a market cap of $287.35 billion and a P/E ratio of 37.07.
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