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AXE

Anixter

$78.65

0.5 (0.64%)

04:54
12/02/16
12/02
04:54
12/02/16
04:54

Anixter downgraded to Neutral from Buy at Longbow

AXE Anixter
$78.65

0.5 (0.64%)

10/27/16
IMPC
10/27/16
UPGRADE
Target $72
IMPC
Outperform
Anixter upgraded to Outperform from In-Line at Imperial Capital
Imperial Capital analyst Jeff Kessler upgraded Anixter to Outperform saying the company is moving past the initial integration challenges following the Q3 earnings beat. The analyst notes that management on the earnings call announced Anixter's largest-ever contract: a $750M, five-year contract to be a distributor of utility products and services serving a large electric utility company. He upped his price target for Anixter shares to $72 from $64.

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