Ingram Micro initiated with a Buy at Loop Capital

Loop Capital initiated coverage of Ingram Micro (INGM) with a Buy rating and $30 price target The company stands to benefit from both its scale and unique global reach across a growing portfolio of increasingly higher-value products and services, the analyst tells investors in a research note. With Advanced Solutions topping 35% of revenue and Ingram Micro’s “newly” developed Xvantage engagement platform and interactive portal, the company has positioned itself well to continue increasing customer value capture, Loop adds.