Arrow Electronics price target lowered to $94 from $98 at Wells Fargo

Wells Fargo lowered the firm’s price target on Arrow Electronics (ARW) to $94 from $98 and keeps an Underweight rating on the shares. While Arrow reiterated its view of a cyclical recovery continuing to take shape, the firm expects shares to trade down given the company’s view that 2026 street EBIT% / EPS estimates are too high, as mix remains a headwind.