JPMorgan lowered the firm’s price target on Ingram Micro (INGM) to $26 from $27 and keeps a Neutral rating on the shares post the Q4 report. The company’s results showcased a mixed macro backdrop for enterprise IT spending still, despite an improvement from a more challenged environment 90-180 days ago, the analyst tells investors in a research note. The firm believes Ingram Micro’s execution remains solid.
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Read More on INGM:
- Ingram Micro Holding Corporation: Hold Rating Amid Mixed Macroeconomic Signals and Margin Pressures
- Ingram Micro Holding Corporation: Positive Outlook Amidst Regional Challenges Justifies Buy Rating
- Ingram Micro Reports Steady Growth Amid Strategic Shifts
- Ingram Micro reports Q4 EPS 92c, consensus 91c
- Ingram Micro sees Q1 EPS 51c-61c, consensus 69c
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