Avnet to sell IT business to Tech Data for $2.6 billion

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Go back to Avnet to sell IT business to Tech Data for $2.6 billion

Brean Capital Raises Price Target as Tech Data (TECD) Announces Tech Solutions Segment Acquisition

September 20, 2016 9:55 AM EDT

Brean 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 EDT

CLSA 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.

... More