CLSA Upgrades Tech Data (TECD) to Buy

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Go back to CLSA Upgrades Tech Data (TECD) to Buy

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

Stifel Upgrades Tech Data (TECD) to Buy

September 20, 2016 7:37 AM EDT

Stifel upgraded Tech Data (NASDAQ: TECD) from Hold to Buy with a price target of $96.00 (from $75.00).

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

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

September 19, 2016 7:23 AM EDT

(Reuters) - U.S. electrical components distributor Avnet Inc (NYSE: AVT) said it would sell its IT business to technology products distributor Tech Data Corp (NASDAQ: TECD) for about $2.6 billion.

Avnet, whose IT business has competed with Tech Data for years, said it would get $2.4 billion in cash and 2.8 million Tech Data shares,... More

Tech Data (TECD) to Acquire Avnet's (AVT) Technology Solutions Business in $2.6B Deal

September 19, 2016 7:01 AM EDT

Avnet, Inc. (NYSE: AVT) announced that it has entered into an agreement to sell its Technology Solutions operating group to Tech Data Corporation (Nasdaq:... More