Bank of America highlights IBM, Spotify, Deutsche Bank ahead of earnings; raises IBM target to $330
2026-07-11 13:08:29
According to CNBC, Bank of America flagged several buy-rated stocks it sees as well positioned heading into upcoming quarterly reports, including International Business Machines, Spotify, InterContinental Hotels Group, Grab and Deutsche Bank. Analyst Wamsi Mohan raised his IBM price target to $330 from $315 ahead of earnings later this month and said he expects upside from faster Confluent synergies and stronger growth in software and infrastructure; IBM shares are up 3.3% this month. Analyst Jessica Reif Ehrlich said she expects Spotify’s 2Q26 results to show stable underlying trends with reported revenue growth accelerating mainly due to moderating foreign-exchange headwinds; Spotify shares are up 5% this month. Analyst Tarik El Mejjad raised his Deutsche Bank price target to $39 from $38 and said he expects net profit to fall 2% year over year despite 4% revenue growth as costs rise, while noting potential positives including investment banking revenue upside and robust deposit growth; the stock is up 8% this year.
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