Oppenheimer analyst Param Singh initiated coverage of IBM (IBM) with an Outperform rating and $320 price target Maximize Your Portfolio with

IBM (IBM) stock are in focus after Oppenheimer analysts initiated coverage on the stock with an Outperform rating and a $320 price target. Julie Hyman and Josh Lipton take a closer look at the analyst commentary,

IBM (NYSE:IBM) was initiated with an Outperform rating by Oppenheimer due in part to double-digit revenue growth in its software segment, driven by its Red Hat offerings. "Red Hat specifically has recently expanded its product focus with multiple partner integrations that can help drive a high-teens to 20% growth for the segment,

Oppenheimer initiated coverage of IBM (IBM) with an Outperform rating and $320 price target The firm’s bullish stance is based on the view