Arrow Electronics (ARW) Tapped to Become Sole Global Provider of Broadcom’s CloudHealth From VMware Offering

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Goldman Sachs Comments on Arrow Electronics (ARW)

May 3, 2024 5:52 AM EDT

Goldman Sachs analyst Toshiya Hari reiterated a Neutral rating and $116.00 price target on Arrow Electronics (NYSE: ARW)

The analyst comments "Arrow made significant progress in reducing working capital in 1Q24 (particularly inventory which declined 8% qoq, 13% yoy); the industry backdrop, however, remains challenging with... More