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AVT

Avnet

$41.32

-1.68 (-3.91%)

09:28
08/12/19
08/12
09:28
08/12/19
09:28

Avnet price target lowered to $39 from $49 at SunTrust

SunTrust analyst William Stein lowered his price target on Avnet to $39 and kept his Hold rating after its Q4 earnings miss and below-consensus Q1 guidance, saying the company's profitability is being weighed down by the weakness of its high-margin Farnell business. The analyst notes that the segment's customers are seeking cheaper sources of the more widely-available components, pressuring margins and pricing. Stein also lowers his FY20 EPS view to $3.04 from $4.83 to reflect the headwinds.

  • 10

    Sep

AVT Avnet
$41.32

-1.68 (-3.91%)

06/11/19
DBAB
06/11/19
INITIATION
Target $44
DBAB
Hold
Avnet reinstated with a Hold at Deutsche Bank
Deutsche Bank analyst Adrienne Colby reinstated coverage of Avnet with a Neutral rating and $44 price target. The analyst adopted a "selective view" of the technology /electronics supply chain saying a "generally supportive" macro environment is challenged by "rising levels of uncertainty." While trends in the semiconductor market point to near term pressure for component distributors, additional share downside could be limited, Colby tells investors in a research note.
07/02/19
RAJA
07/02/19
DOWNGRADE
Target $80
RAJA
Outperform
Arrow Electronics downgraded, Avnet estimates cut after checks at Raymond James
As previously reported, Raymond James analyst Adam Tindle downgraded Arrow Electronics (ARW) to Outperform from Strong Buy and he also lowered his estimates for fellow component distributor Avnet (AVT) following his semiconductor checks. His estimates for Arrow came down by about 10%, prompting the downgrade in rating and a lowering of his price target on the stock to $80 from $88. He lowered his estimates for Avnet by about 6% and maintains his $52 price target on its shares along with keeping a Strong Buy rating on the stock.
07/11/19
STFL
07/11/19
NO CHANGE
Target $15
STFL
Hold
Vishay price target lowered to $15 after pre-announcement at Stifel
After Vishay (VSH) pre-announced June quarter sales and gross margins that came below its previous guidance, citing weaker demand, primarily from distribution, Stifel analyst Matthew Sheerin said he thinks the news "should come as no surprise to investors" considering the recent negative tone from several component suppliers and distributors. However, the magnitude of Vishay's miss reflects a deeper correction and increased pricing pressure, said Sheerin, who thinks the correction could last well into the first half 2020. Given the warning, he lowered his estimates and cut his price target on Vishay shares to $15 from $18 and keeps a Hold rating on the stock. Sheerin added that he sees risks to estimates for a number of component suppliers, particularly those with high exposure to distribution, such as AVX (AVX), Kemet (KEM) and Littelfuse (LFUS), and to distributors Arrow Electronics (ARW) and Avnet (AVT).
07/16/19
SBSH
07/16/19
NO CHANGE
Target $68
SBSH
Neutral
Arrow Electronics price target lowered to $68 from $76 at Citi
Citi analyst Tim Yang lowered his price target for Arrow Electronics (ARW) to $68 from $76 following the company announced weaker than expected preliminary June quarter results. The component business is the main reason for the negative guidance revision, driven by worse-than-expected demand in Asia and slight weakness in Europe and North America, Yang tells investors in a research note. He keeps a Neutral rating on Arrow Electronics. Further, the analyst says the company's announcement is negative for Avnet (AVT), who he notes has 100% revenue in the component distribution business versus Arrow's 70%.

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XYF

X Financial

$2.61

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VJET

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$1.64

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Samsung

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T

AT&T

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0.64 (1.86%)

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SNE

Sony

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LGF.A

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Lionsgate

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DIS

Disney

$135.19

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Viacom

$26.02

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Viacom

$27.27

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SFTBF

SoftBank

$0.00

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SPX

S&P 500

$0.00

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4.12 (1.45%)

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JSAIY

J Sainsbury

$0.00

(0.00%)

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TSLA

Tesla

$219.92

4.27 (1.98%)

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NVS

Novartis

$89.46

0.91 (1.03%)

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MO

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CFB

CrossFirst Bancshares

$14.61

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NET

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$0.00

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We Company

$0.00

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SDC

SmileDirectClub

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AMZN

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MSFT

Microsoft

$136.13

2.39 (1.79%)

SFTBF

SoftBank

$0.00

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$0.00

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CBS

CBS

$43.83

0.5 (1.15%)

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Viacom

$27.27

-0.4 (-1.45%)

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CBS

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$43.83

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Viacom

$26.02

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$206.44

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DIS

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CMCSA

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CMCSK

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NFLX

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AMZN

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MYGN

Myriad Genetics

$25.36

2.14 (9.22%)

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  • 13

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CSCO

Cisco

$46.96

0.73 (1.58%)

, NTAP

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RDS.A

Royal Dutch Shell

$55.55

0.47 (0.85%)

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Royal Dutch Shell

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0.46 (0.83%)

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Royal Dutch Shell

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Royal Dutch Shell

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0.46 (0.83%)

BP

BP

$36.27

0.22 (0.61%)

XOM

Exxon Mobil

$68.30

1.06 (1.58%)

CVX

Chevron

$115.79

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TGT

Target

$84.20

1.67 (2.02%)

, WMT

Walmart

$112.99

0.32 (0.28%)

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Target

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1.67 (2.02%)

WMT

Walmart

$112.99

0.32 (0.28%)

GO

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$46.55

2.81 (6.42%)

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AEO

American Eagle

$15.40

0.63 (4.27%)

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ANGI

Angi Homeservices

$8.18

-0.18 (-2.15%)

, MTCH

Match Group

$84.53

2.08 (2.52%)

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MTCH

Match Group

$84.53

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IAC

IAC

$249.17

4.21 (1.72%)

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AAPL

Apple

$206.44

4.71 (2.33%)

, HAS

Hasbro

$114.29

1.13 (1.00%)

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$114.29

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MAT

Mattel

$10.74

(0.00%)

AGR

Avangrid

$49.29

0.37 (0.76%)

JPM

JPMorgan

$107.73

2.52 (2.40%)

BAC

Bank of America

$27.04

0.79 (3.01%)

C

Citi

$63.46

2.13 (3.47%)

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NCLH

Norwegian Cruise Line

$50.48

1.38 (2.81%)

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RM

Regional Management

$27.12

0.14 (0.52%)

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  • 13

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RTN

Raytheon

$178.10

-0.42 (-0.24%)

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