Yahoo Finance

BofA lowered the firm’s price target on Ingram Micro (INGM) to $28 from $30 and keeps a Buy rating on the shares. Ingram reported “strong” Q4 results, beating consensus revenue and EPS estimates, but gave a weaker fiscal Q1 outlook, the analyst tells investors. Following the report, the firm’s FY25 revenue and EPS estimates move to $49.4B and $2.89, from prior views of $49.97B and $3.27, respectively.

Discover the Best Stocks and Maximize Your Portfolio:

• See what stocks are receiving Strong Buy ratings from top-rated analysts.

• Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on INGM:

• Ingram Micro price target lowered to $26 from $28 at Raymond James

• Positive Outlook for Ingram Micro Driven by Strong North American Growth and Xvantage Platform Success

• Ingram Micro price target lowered to $26 from $27 at JPMorgan

• Ingram Micro Holding Corporation: Hold Rating Amid Mixed Macroeconomic Signals and Margin Pressures

• Ingram Micro Holding Corporation: Positive Outlook Amidst Regional Challenges Justifies Buy Rating