BofA raised the firm’s price target on Arrow Electronics (ARW) to $110 from $105 and keeps an Underperform rating on the shares after having hosted a fireside chat with CEO Sean Kerins at the BofA 2025 Global Technology Conference. Following the event, the firm uses a marginally higher multiple on more confidence in moving past inventory correction in components, but remains cautious given the uncertain macro and potential impact to end demand from tariffs, the analyst tells investors.
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