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Fly News Breaks for August 27, 2019
TECD
Aug 27, 2019 | 06:39 EDT
Citi analyst Tim Yang added Tech Data to his firm's "Negative Catalyst Watch" ahead of the company's Q2 results on August 29. The analyst thinks top vendor softness, the company's high European exposure and back-half loaded operating income guidance are key risks to the stock heading into the print. He reduced his estimates to the low end of the guidance and cut his price target for the stock to $91 from $100. Yang keeps a Neutral rating on Tech Data.
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