Ingram Micro (IM) Receives Price Target

Ingram Micro (IM) : The highest level Ingram Micro (IM) is projected to reach is $36 for the short term and the lowest estimate is at $35. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $35.5 and the possibility the share price can swing is $0.71.

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 2, which is also a Buy. 1 considers that the stock is a Sell.


Ingram Micro (NYSE:IM): The stock opened at $34.90 on Thursday but the bulls could not build on the opening and the stock topped out at $35.00 for the day. The stock traded down to $34.70 during the day, due to lack of any buying support eventually closed down at $34.80 with a loss of -0.46% for the day. The stock had closed at $34.96 on the previous day. The total traded volume was 874,396 shares.

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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