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Fly News Breaks for November 30, 2018
TECD
Nov 30, 2018 | 09:35 EDT
Needham analyst Sean Hannan raised his price target on Tech Data to $110 and kept his Buy rating after its "strong beat" in Q3 earnings following a string of "mixed" quarters. The analyst believes that the company is "finally" in position to take advantage of improved demand environment and that its prior issues around pricing and rebates are largely in the past. Hannan adds that the valuation on Tech Data stock is also attractive.
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