BUZZ-<a href="https://laohu8.com/S/IBM">IBM</a> rises as Jefferies upgrades to 'buy'
** Shares of tech firm IBM IBM.N up 1.4% at $295.68 premarket
** Jefferies upgrades rating to "buy" from "hold"; raises PT to $360 from $300
** New PT implies an upside of ~23% to stock's last close
** Brokerage sees clearer path to software growth acceleration in 2026, driven by Red Hat momentum and synergy capture from recent acquisitions, including that of HCP and the pending Confluent deal
** Management's tone more optimistic, with broad-based demand from tech transformation and accelerating AI adoption - Jefferies
** IBM stock fell 1.5% in 2025
(Reporting by Tharuniyaa Lakshmi in Bengaluru)
((tharuniyaa@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.