Anixter Int'l (AXE) Tops Q2 EPS by 14c, Provides Outlook

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Imperial Capital Raises Price Target on Anixter Int'l (AXE) to $73 Following 2Q15

July 30, 2015 8:19 AM EDT

Imperial Capital reiterated an In-Line rating on Anixter International (NYSE: AXE), and raised the price target to $73.00 (from $70.00), following 2Q15 results. Anixter reported 2Q15 results with sales of $1.48bn beating consensus estimates of $1.43bn. Adjusted diluted EPS from continuing operations of $1.15 was above consensus of $1.00.

Analyst Jeff Kessler commented, "On 7/28/15, Anixter reported 2Q15 results with sales of $1.48bn beating our and
consensus estimates... More