Morgan Stanley lowered the firm’s price target on Ingram Micro (INGM) to $18 from $26 and keeps an Overweight rating on the shares. Among the firm’s IT Hardware coverage, the analyst reduced FY25 and FY26 EPS estimates by 15%-18% and price targets by 30% on average to account for slowing growth and higher tariffs.
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Read More on INGM:
- Morgan Stanley says Dell among IT Hardware names exposed to ‘calamitous’ tariffs
- Ingram Micro price target lowered to $24 from $28 at Jefferies
- Ingram Micro Holding Corp: Balancing Challenges and Opportunities with Strategic Initiatives and Tech Refresh Cycle
- Ingram Micro price target lowered to $25 from $30 at Loop Capital
- Ingram Micro’s Resilient Growth Amidst Challenges
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