Barclays Maintains an 'Equalweight' on Ingram Micro (IM); A Roadmap for Growth, After Moving Through Near-term Issues

Barclays maintains an 'Equalweight' on Ingram Micro (NYSE: IM) price target raised $1 to $19.00.

Barclays analyst says, "We recently attended Ingram Micro's Analyst Day in NYC. We were pleasantly surprised to see IM issue long-term revenue, operational and financial goals through 2015 that provide some perspective as to what management believes the company can achieve after moving through near-term execution issues. IM also disclosed revenue levels and growth targets for its key growth areas, which include Advanced (Enterprise) Computing, Data Capture/Point of Sale, Mobility Products and Services, Ingram Micro Logistics, and Cloud Computing. Recently, Ingram Micro has been adversely impacted by difficulties in rolling out a new ERP system in Australia and margin pressures from a weak retail environment in Europe."

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 $18.39 yesterday.

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