Evercore ISI analyst Amit Daryanani raised the firm’s price target on IBM (IBM) to $315 from $275 and keeps an Outperform rating on the shares. The firm, which thinks IBM can sustain mid to high single-digit sales growth and double-digit EPS and free cash flow growth over the next several years that enable the company to trend towards $16-$18 of EPS power over the next three years, cites recent market multiple expansion for its raised target on the shares.
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