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Fly News Breaks for July 2, 2019
AVT, ARW
Jul 2, 2019 | 07:50 EDT
As previously reported, Raymond James analyst Adam Tindle downgraded Arrow Electronics (ARW) to Outperform from Strong Buy and he also lowered his estimates for fellow component distributor Avnet (AVT) following his semiconductor checks. His estimates for Arrow came down by about 10%, prompting the downgrade in rating and a lowering of his price target on the stock to $80 from $88. He lowered his estimates for Avnet by about 6% and maintains his $52 price target on its shares along with keeping a Strong Buy rating on the stock.
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