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Fly News Breaks for April 30, 2018
ARW
Apr 30, 2018 | 08:11 EDT
Longbow analyst Shawn Harrison said his IT checks are highlighting a seasonal first quarter, but with an improved forecast from resellers for IT spending in the balance of the calendar year. He added that "all leading indicators are flashing green" for Arrow Electronics' components business, leading him to forecast the company will be issuing a "beat and raise" earnings report. Harrison has a Buy rating and $104 price target on Arrow Electronics shares.
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