Deutsche Bank Cuts Price Target on Avnet (AVT)

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Avnet (AVT) Preliminary Q1 Results Miss Views

October 10, 2012 8:02 AM EDT

Avnet, Inc. (NYSE: AVT) reported that its sales for the first quarter of fiscal 2013 ended September 29, 2012 will be approximately $5.85 billion, roughly 9% below the year-ago quarter and towards the lower end of original expectations.

The Street sees $6.07 billion.

Sales at Electronics Marketing... More