Truist raised the firm’s price target on Arrow Electronics (ARW) to $240 from $183 and keeps a Buy rating on the shares after its Q1 earnings beat. Cyclical growth continues to materialize, driving meaningful EPS upside, the analyst tells investors in a research note.
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Read More on ARW:
- Arrow Electronics price target raised to $165 from $140 at Wells Fargo
- Arrow Electronics Earnings Call Signals Robust Growth
- Arrow Electronics price target raised to $240 from $183 at Truist
- Arrow Electronics reports Q1 non-GAAP EPS $5.22, consensus $2.85
- Arrow Electronics sees Q2 non-GAAP EPS $4.32-$4.52, consensus $3.17