🟢 IBM is trading 3.5% up today on UBS upgrade and $112M defense contract

IBM is trading at $245.90 (+3.52%) following a UBS upgrade and a $112 million defense contract.

• UBS raised its rating from sell to neutral with a $236 price target, providing a positive catalyst for the stock.
• The company secured a $112 million contract with the Defense Commissary Agency to modernize pricing systems at military commissaries.
• Shares are rebounding from a sharp 13% decline on February 23, showing strength despite broader market volatility.