UBS Maintains a 'Buy' on Avnet (AVT); Raising Numbers As Business Model Staying Resilient
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Price: $46.54 -0.11%
Rating Summary:
6 Buy, 7 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
6 Buy, 7 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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UBS maintains a 'Buy' on Avnet (NYSE: AVT) price target raised from $39 to $44.
Analyst, Amitabh Passi, said, "Avnet delivered a strong set of results, surpassing street estimates for both F3Q and F4Q (based on guidance). F3Q EPS of $1.03 and F4Q guidance of $1.09 (mid-point) were ahead of the street at $0.99/$1.07 resp. We foresee street ests moving up 5%+. Our Rev/EPS estimates for FY12/FY13 move to $26b/$4.17 and $27.2b/$4.82 resp., from $25.8b/$4.10 and $26.9b/$4.73 (street EPS $4.12/$4.48). Btb was ~1 in F3Q, with EMEA below, others above; all regions are above 1 thus far this quarter."
For an analyst ratings summary and ratings history on Avnet click here. For more ratings news on Avnet click here.
Shares of Avnet closed at $36.49 yesterday.
Analyst, Amitabh Passi, said, "Avnet delivered a strong set of results, surpassing street estimates for both F3Q and F4Q (based on guidance). F3Q EPS of $1.03 and F4Q guidance of $1.09 (mid-point) were ahead of the street at $0.99/$1.07 resp. We foresee street ests moving up 5%+. Our Rev/EPS estimates for FY12/FY13 move to $26b/$4.17 and $27.2b/$4.82 resp., from $25.8b/$4.10 and $26.9b/$4.73 (street EPS $4.12/$4.48). Btb was ~1 in F3Q, with EMEA below, others above; all regions are above 1 thus far this quarter."
For an analyst ratings summary and ratings history on Avnet click here. For more ratings news on Avnet click here.
Shares of Avnet closed at $36.49 yesterday.
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