Analyst Rating Update on Ingram Micro (IM)

Ingram Micro (IM) has an average broker rating of 2.8, which is interpreted as a Hold, as rated by 5 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy. 1 considers that the stock is a Sell.

Ingram Micro (IM) : 2 Wall Street analysts covering Ingram Micro (IM) believe that the average level the stock could reach for the short term is $35.5. The maximum price target given is $36 and the minimum target for short term is around $35, hence the standard deviation is calculated at $0.71.

Company shares have received an average consensus rating of Hold for the current week


Ingram Micro (NYSE:IM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.07 and $33.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.23, notching a gain of 0.50% for the day. The total traded volume was 887,429 . The stock had closed at $34.06 on the previous day.

Ingram Micro Inc. (Ingram Micro) is an information technology (IT) supply chain management, mobile device lifecycle services and logistics solutions company. The Company distributes and markets technology products all over the world from the industrys computer hardware suppliers, mobility hardware suppliers, networking equipment suppliers, software publishers, and other suppliers of computer peripherals, consumer electronics (CE), unified communication and collaboration, automatic identification and data capture (AIDC)/point-of-sale (POS), and physical security products. The Company has operations in 38 countries, spanning all global regions: North America, Europe, Asia-Pacific and Latin America. The Company also operates support centers in Argentina, Bulgaria, Costa Rica, India, Philippines and Puerto Rico.

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