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Fly News Breaks for January 5, 2018
Jan 5, 2018 | 06:10 EDT
Goldman Sachs analyst Mark Delaney upgraded Avnet to Neutral and raised his price target for the shares to $38 from $34. With 2018 consensus earnings estimates down 17% since February 2017, the primary catalyst of share loss to Arrow (ARW) and margin pressure from Texas Instruments (TXN) reducing distributor incentives has now played out, Delaney tells investors in a research note.
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