Arrow Electronics Reports Fourth-Quarter and Full-Year 2024 Results
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BofA Securities Downgrades Arrow Electronics (ARW) to Underperform
February 7, 2025 11:59 AM ESTBofA Securities analyst Ruplu Bhattacharya downgraded Arrow Electronics (NYSE: ARW) from Neutral to Underperform with a price target of $99.00 (from $133.00).
The analyst comments "While ARW reported a strong F4Q24 (rev/EPS of $7.3bn/$2.97 vs. our $7.03bn/$2.59 and ST at $7.06bn/$2.68) guide for F1Q was meaningfully below on rev and earnings (mid-point... More
