Ingram Micro price target raised to $28 from $26 at RBC Capital

RBC Capital transferred its coverage of Ingram Micro (INGM) to who raised its price target to $28 from $26 and keeps an Outperform rating on the shares. The firm is expecting inline Q4 results with positive commentary regarding the pace of the IT demand recovery in FY25, including a PC refresh cycle, recovery in Networking and continued demand for cyber and cloud, the analyst tells investors in a research note.