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TECD

Tech Data

$86.70

-0.15 (-0.17%)

, AVT

Avnet

$45.96

-0.33 (-0.71%)

12:25
02/17/17
02/17
12:25
02/17/17
12:25

Tech Data sees Avnet tech solutions unit acquisition closing by end of Feb 2017

Tech Data Corporation (TECD) announced its current expectations concerning the closing of its acquisition of Avnet's (AVT) Technology Solutions business. There has been substantial progress towards meeting the conditions to closing, and, subject to receipt of final regulatory approvals, particularly the European Commission, the acquisition could close by the end of February 2017.

TECD

Tech Data

$86.70

-0.15 (-0.17%)

AVT

Avnet

$45.96

-0.33 (-0.71%)

  • 19

    Feb

TECD Tech Data
$86.70

-0.15 (-0.17%)

09/20/16
LYON
09/20/16
UPGRADE
LYON
Buy
Tech Data upgraded to Buy from Underperform at CLSA
09/20/16
09/20/16
UPGRADE
Target $102

Buy
Tech Data upgraded to Buy on Avnet deal accetion at CLSA
As previously reported, CLSA upgraded Tech Data (TECD) two notches to Buy from Underperform and raised its price target to $102 from $76. Analyst Louis Miscioscia said the acquisition of Avnet (AVT) will add $3.75 per share in operating income immediately and estimates a run rate of FY18 earnings post close of $9.25 per share, 50% higher than his previous estimates.
09/20/16
BOFA
09/20/16
UPGRADE
BOFA
Buy
Tech Data upgraded to Buy from Neutral at BofA/Merrill
09/20/16
09/20/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Wells Fargo (WFC) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Betsy Graseck saying shares are trading at a 11 times Price/Earnings for a 3.5% yield, and is one of the "best values" in the S&P 1500 and the sector. 2. Tech Data (TECD) was upgraded to Buy from Hold at Stifel, to Buy from Underperform at CLSA, and to Buy from Neutral at BofA/Merrill. 3. AMD (AMD) upgraded to Market Perform from Underperform at Bernstein. 4. Diamond Offshore (DO) upgraded to Buy from Hold at Evercore ISI with analyst James West saying he believes the offshore rig market will bottom over the next 6-12 months and notes shares are down approximately 42% from its mid-July peak. 5. BHP Billiton (BHP) upgraded to Outperform from Neutral at Macquarie with analyst Alon Olsha citing an increase in coal/manganese forecasts. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
AVT Avnet
$45.96

-0.33 (-0.71%)

09/20/16
09/20/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Ford (F) downgraded to Neutral from Buy at Buckingham with analyst Joseph Amaturo saying he believes North American volume and pricing trends for trucks will deteriorate and is concerned that the passenger car market will remain challenged given stiff competition from Japanese and European OEMs that can heavily discount due to weak currencies. 2. General Mills (GIS) downgraded to Underperform from Neutral at Consumer Edge. 3. Ascena Retail (ASNA) downgraded to Sector Perform from Outperform at RBC Capital and to Perform from Outperform at Oppenheimer. 4. Avnet (AVT) downgraded to Hold from Buy at Stifel and to Sell from Hold at Cross Research. 5. HD Supply (HDS) downgraded to Sector Perform from Outperform at RBC Capital with analyst Deane Dray saying it will take several quarters for the company to address its supply chain errors, and she expects the stock "to stay range bound over the medium term." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/04/16
RAJA
10/04/16
UPGRADE
Target $52
RAJA
Strong Buy
Avnet upgraded to Strong Buy from Market Perform at Raymond James
Raymond James analyst Brian Alexander upgraded Avnet two notches to Strong Buy from Market Perform and established a $52 price target on shares. The analyst said Avnet's recent decision to divest its TS business to Tech Data and acquire Premier Farnell should allow the company to focus entirely on the more attractive EM business, improve operating margins, ROIC and book value, and use enhanced liquidity to drive shareholder value.
10/21/16
LBOW
10/21/16
UPGRADE
LBOW
Buy
Avnet upgraded to Buy from Neutral at Longbow
10/21/16
LBOW
10/21/16
UPGRADE
Target $53
LBOW
Buy
Avnet upgraded to Buy on valuation, solid bookings at Longbow
As previously reported, Longbow upgraded Avnet to Buy from Neutral with a $53 price target. Analyst Shawn Harrison said shares are trading at only 1.1x Q3 book value of $37 and said bookings remain positive and the company is receiving little credit for accretive Premier Farnell acquisition. Further, Harrison said the $2B in process from selling TS provides optionality for buybacks or M&A.

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EQIX

Equinix

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MET

MetLife

$51.41

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GM

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TCEHY

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VRX

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KMF

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CBOE

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DIS

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, FOXA

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ALK

Alaska Air

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ONCE

Spark Therapeutics

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1.16 (2.57%)

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