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Fly News Breaks for November 28, 2017
TECD
Nov 28, 2017 | 08:17 EDT
Needham analyst Sean Hannan raised his price target on Tech Data to $110 after a Q3 earnings beat and "encouraging" Q4 guidance. Hannan says the outlook for next quarter may be "somewhat conservative" amid healthy mobility trends and relatively stable ground for next-gen data center solutions. The analyst keeps his Buy rating, saying FY19 will continue to see solid execution, margin expansion and double-digit EPS growth.
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