Goldman Sachs Downgrades Ingram Micro (IM) to Neutral
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Price: $38.89 --0%
Rating Summary:
3 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs downgraded Ingram Micro (NYSE: IM) from Buy to Neutral with a $20 price target.
The firm said "sentiment in the name is likely to languish in the near to intermediate term until the ERP issue is resolved, making it tough to justify putting new money to work."
Goldman lowered their CY11 EPS from $2.00 to $1.90 and CY12 from $2.60 to $2.42.
For more ratings news on Ingram Micro click here and for the rating history of Ingram Micro click here.
Shares of Ingram Micro closed at $18.45 yesterday.
The firm said "sentiment in the name is likely to languish in the near to intermediate term until the ERP issue is resolved, making it tough to justify putting new money to work."
Goldman lowered their CY11 EPS from $2.00 to $1.90 and CY12 from $2.60 to $2.42.
For more ratings news on Ingram Micro click here and for the rating history of Ingram Micro click here.
Shares of Ingram Micro closed at $18.45 yesterday.
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