Enterprise Tech Rebound Is Real - Analyst (HPQ, NTAP, STX, ARW)
IM Hot Sheet
Rating Summary:2 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 1
Analysts at Goldman Sachs noted that Ingram Micro's (NYSE: IM) recent 2009 analyst day confirmed the recent increase in tech spending. Ingram Micro is the largest technology distributor.
The firm notes that Ingram sees improving demand trends into the seasonally strong 4Q and Ingram noted that its channel partners are anticipating low- to mid-single digit yoy revenue growth in 2010.
Goldman said this is news is positive for companies with the greatest enterprise exposure such as conviction buy-rated NetApp (Nasdaq: NTAP) and buy-rated Arrow (NYSE: ARW), HP (NYSE: HPQ), Seagate (NYSE: STX).
Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php
You May Also Be Interested In
- Barclays Cuts Price Target and Estimates on NetApp (NTAP); Disappointing Qtr, But There Is Hope
- Barclays Maintains an 'Equalweight' on Trina Solar (TSL); Waiting on Growth in Gross Margins and Stabilized Opex
- Little Room to Move for Shares of Newmont Mining (NEM)
Create E-mail Alert Related Categories
Analyst Comments, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
