Arrow Electronics price target raised to $105 from $99 at BofA

BofA analyst Ruplu Bhattacharya raised the firm’s price target on Arrow Electronics (ARW) to $105 from $99 and keeps an Underperform rating on the shares. Following the quarterly report, the firm’s FY25 revenue and EPS estimates move to $29B and $10.24, from $27.8B and $10.25, respectively, but it uses a lower multiple on higher earnings as Arrow is a cyclical stock, the analyst tells investors.