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Northstar Financial Buys $721,000 of IBM Shares; Other Funds Add Stakes

IBM logoIBM
Sig1.08Sen+1.12Env0.00Soc0.00Gov-0.06

Northstar Financial Companies bought 2,566 IBM shares worth about $721,000, while 1ST Source Bank purchased a new stake valued around $7,402,000 in the second quarter. Analyst notes showed multiple buy ratings and a “Moderate Buy” consensus, though several price targets were cut, including Jefferies from $320 to $260 and JPMorgan from $291 to $250.

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