BofA/Merrill Lynch analyst Param Singh downgraded Tech Data (NASDAQ: TECD) from Buy to Underperform with a price target of $80.00 (from $105.00).

The analyst double downgrades the name citing margin pressure on the mix and from competition which dampens the outlook for EPS.

For an analyst ratings summary and ratings history on Tech Data click here. For more ratings news on Tech Data click here.

Shares of Tech Data closed at $76.26 yesterday.