Avnet (AVT) Tops Q1 EPS by 5c, Offers Q2 and FY Guidance

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Avnet (AVT) PT Raised to $42 at Stifel on 1Q18 Earnings Report; 'Revenue Upside a Positive... Work Ahead to Expand Margins'

October 27, 2017 7:40 AM EDT

Stifel raised its price target on Avnet (NYSE: AVT) to $42.00 (from $40.00) while maintaining a Hold rating, following the company's first quarter 2018 earnings report.

Analust Matthew Sheerin comments, "a better-than-expected quarter, driven by strong demand in Europe and Asia, and weakness in... More