Avnet to sell IT business to Tech Data for $2.6 billion
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Brean Capital Raises Price Target as Tech Data (TECD) Announces Tech Solutions Segment Acquisition
September 20, 2016 9:55 AM EDTBrean Capital reiterated a Buy rating on Tech Data (NASDAQ: TECD), and raised the price target to $105.00 (from $82.00), following the company's announced acquisition of AVTs Technology Solutions segment. The deal may not close for as much as 9 months. However, if TECD executes through CY19, this should be 10x - 14x a normalized... More
CLSA Upgrades Tech Data (TECD) to Buy
September 20, 2016 7:38 AM EDTCLSA upgraded Tech Data (NASDAQ: TECD) from Underperform to Buy with a price target of $102.00.
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 $84.80 yesterday.
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