Stifel Lifts IBM Price Target Following $11B Confluent Acquisition

International Business Machines Corporation (NYSE:IBM) is included among the 15 Best Stocks to Buy for the Long Term. Stifel Lifts IBM Price Target Following 11BConfluentAcquisitionPhotobyAnnieSprattonUnsplashOnDecember9,StifelanalystDavidGrossmanliftedhispricetargetonInternationalBusinessMachinesCorporation(NYSE:IBM)to11B Confluent Acquisition Photo by Annie Spratt on Unsplash On December 9, Stifel analyst David Grossman lifted his price target on International Business Machines Corporation (NYSE:IBM) to 325 from 295afterthecompanyannounceditsplantoacquireConfluentfor295 after the company announced its plan to acquire Confluent for 11 billion in cash. He kept his Buy rating in place and noted that IBM has histor ...