Arrow Electronics Reports Record First-Quarter 2016 Sales and Non-GAAP Earnings Per Share

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Brean Capital Raises Price Target on Arrow Electronics (ARW) Following 1Q

May 4, 2016 9:53 AM EDT

Brean Capital reiterated a Buy rating on Arrow Electronics (NYSE: ARW), and raised the price target to $68.00 (from $62.00), following the company's 1Q earnings report. ARW reported sales and EPS of $5.47B and $1.43, coming in ahead of the Street's $5.46B and $1.40 estimates. Management... More