Needham & Company Maintains a 'Buy' on Ingram Micro (IM); Announces CEO Succession, Positive 4Q Preannouncement

Needham & Company maintains a 'Buy' on Ingram Micro (NYSE: IM) price target of $20.00.

Needham analyst said, "We believe that Ingram’s strategy, most recently outlined at its analyst day in November, will remain unchanged under a
Monie administration. Further, as a veteran Ingram manager, the risk typically associated with leadership changes is not present, in our view." (Raises FY11 EPS estimate from $1.56 to $1.60)

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 $18.84 yesterday.

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