Tech Data (TECD) Tops Q2 EPS by 47c

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Brean Capital Raises Price Target on Tech Data (TECD) Following 31c EPS Beat

August 21, 2015 6:52 AM EDT

Brean Capital reiterated a Buy rating on Tech Data (NASDAQ: TECD), and raised the price target to $75.00 (from $71.00), following the company's 2Q16 earnings report. TECD reported revenues of $6.58B beating the Street estimate of $6.07B. EPS was reported at $1.43, ahead of Street's $1.12.... More