** Shares of IBM IBM.N marginally down after BMO cuts PT to $290 from $350, which is still a 15.2% upside to the stock's last close
** Brokerage lowers PT citing compression in software and IT services multiples
** "We do not foresee enough upside to move to a constructive stance at this juncture, despite our view that IBM product breadth, brand, AI and quantum potential, lower stock volatility and dividend warrant a premium over what is implied by growth vs the comp group" - BMO
** 11 of 23 analysts rate stock "strong buy" or "buy", ten "hold" and two "sell" or "strong sell"; their median PT is $314.67 - data compiled by LSEG
** Including session's move, IBM down 15% YTD
(Reporting by Pragyan Kalita in Bengaluru)
((Pragyan.Kalita@thomsonreuters.com;))