IBM shares are on target for their highest closing level since April 2017, as the enterprise technology company gains traction with investors as an underappreciated play on the emerging generative artificial intelligence trend. Adding to the bullish tone on Tuesday, BofA Global Research analyst Wamsi Mohan repeated his Buy rating on the stock, lifting his target price to $170, from the recently surpassed $155. IBM shares are up 0.5% in early afternoon trading on Tuesday, at $161.93.
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