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Fly News Breaks for January 13, 2020
Jan 13, 2020 | 04:48 EDT
Wells Fargo analyst Joseph Quatrochi downgraded Avnet to Underweight from Equal Weight with a $35 price target.
News For AVT From the Last 2 Days
Feb 23, 2021 | 06:34 EST
Citi analyst Zhen Yang opened a pair trade in the North America electronic components and equipment sector of overweight Arrow Electronics (ARW), underweight Avnet (AVT). The analyst thinks supply chain inventory restocking remains in the early stages and that component shortages could be sustained to the second half of 2021 given lean inventories in the channel after destocking. Arrow is better positioned than Avnet to monetize the component shortages, Yang tells investors in a research note.