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Fly News Breaks for August 30, 2019
TECD
Aug 30, 2019 | 09:17 EDT
Loop Capital analyst Ananda Baruah raised his price target on Tech Data to $120 and kept his Buy rating after its "very solid" Q2 results in spite of the macro challenges, saying the company is positioning itself to monetize all of its "Advanced Tech" related assets. The analyst also notes that the company's described demand in the quarter was also "solid and intact", with strong performance in the Americas business but slowing Europe sales.
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