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

BofA/Merrill Lynch Upgrades Tech Data (TECD) to Buy

BofA/Merrill Lynch upgraded Tech Data (NASDAQ: TECD) from Neutral to Buy with a price target of $100.00.

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.

CLSA Upgrades Tech Data (TECD) to Buy

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.

Stifel Upgrades Tech Data (TECD) to Buy

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.

Unusual 11 Mid-Day Movers 9/19: (SRPT) (ISLE) (NSAT) Higher; (VICL) (MGT) (MICT) Lower

Sarepta Therapeutics' (Nasdaq: SRPT) 88.6% HIGHER; The U.S. Food and Drug Administration today approved Sarepta Therapeutics' Exondys 51 (eteplirsen) injection, the first drug approved to treat patients with Duchenne muscular dystrophy (DMD). Exondys 51 is specifically indicated for patients who have a confirmed mutation of the dystrophin gene amenable to exon 51 skipping, which affects about 13 percent of the population with DMD.

Isle of Capri Casinos, Inc. (Nasdaq: ISLE) 30.2% HIGHER; Eldorado Resorts, Inc. and Isle of Capri Casinos, Inc.... More

Notable Mergers and Acquisitions 9/19: (BLOX) (TECD)/(AVT) (ERI)/(ISLE) (NUE)

*** Infoblox Inc. (NYSE: BLOX) announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners (Vista), a leading private equity firm focused on software, data and technology-enabled businesses. Under the terms of the agreement, Infoblox stockholders will receive $26.50 per share of common stock in cash, which represents a 33% premium to Infobloxs average closing share price over the last 60 trading days, and a 73% premium to Infobloxs unaffected closing price as of May 11, 2016, when media reports of interest in acquiring Infoblox were first published. The transaction values Infoblox at... More

Pre-Open Stock Movers 09/19: (ISLE) (BLOX) (TECD) Higher; (VICL) (MGT) (CYH) Lower (more...)

Isle of Capri Casinos, Inc. (Nasdaq: ISLE) 31.7% HIGHER; Eldorado Resorts, Inc. (Nasdaq: ERI) and Isle of Capri Casinos, Inc. (Nasdaq: ISLE) announced that they have entered into a definitive merger agreement whereby Eldorado will acquire all of the outstanding shares of Isle of Capri for $23.00 in cash or 1.638 shares of Eldorado common stock, at the election of each Isle of Capri shareholder, reflecting total consideration of approximately $1.7 billion, inclusive of $929 million of long-term debt of Isle of Capri and its... More

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

(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

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