Needham & Company Maintains a 'Buy' Ingram Micro (IM); Hosts Annual Analyst Day In NYC
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Price: $38.89 --0%
Rating Summary:
3 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Buy' Ingram Micro (NYSE: IM) price target of $20.00.
Needham analyst says, "Managing a global IT distribution engine the size of Ingram is no easy task (with sales on 6 of 7 continents and with more than 150 countries). The company’s analyst days serve as good reminders of this complexity and how, in our view, the stock should not be trading below tangible book. While challenges have impacted the business (global consumer headwinds, SAP rollouts, competitive pricing, etc…) the company has a focused strategy that should drive benefits in 2012 and beyond...Overall, IM’s strategy of focusing on: 1) the enterprise; 2) mobility; 3) Logistics; and 4) Data Capture/POS and 5) the cloud should help the company show improved results in 2012 and beyond."
For an analyst ratings summary and ratings history on Ingram Micro click here. For more ratings news on Ingram Micro click here.
Shares of Ingram Micro closed at $18.92 yesterday.
Needham analyst says, "Managing a global IT distribution engine the size of Ingram is no easy task (with sales on 6 of 7 continents and with more than 150 countries). The company’s analyst days serve as good reminders of this complexity and how, in our view, the stock should not be trading below tangible book. While challenges have impacted the business (global consumer headwinds, SAP rollouts, competitive pricing, etc…) the company has a focused strategy that should drive benefits in 2012 and beyond...Overall, IM’s strategy of focusing on: 1) the enterprise; 2) mobility; 3) Logistics; and 4) Data Capture/POS and 5) the cloud should help the company show improved results in 2012 and beyond."
For an analyst ratings summary and ratings history on Ingram Micro click here. For more ratings news on Ingram Micro click here.
Shares of Ingram Micro closed at $18.92 yesterday.
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