Raymond James lowered the firm’s price target on Ingram Micro (INGM) to $24 from $26 and keeps an Outperform rating on the shares. The company’s Q2 results included solid growth trends but lackluster profitability metrics, the analyst tells investors in a research note. The firm sees Ingram Micro’s relative valuation remained suppressed until its cash generation improves.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INGM:
- Ingram Micro Holding Corporation: Strong Q2 Performance and Positive Outlook Amid Challenges
- Ingram Micro Reports Strong Q2 2025 Financial Results
- Ingram Micro sees Q3 adjusted EPS 61c-75c, consensus 71c
- Ingram Micro reports Q2 adjusted EPS 61c, consensus 60c
- Ingram Micro Reports Strong Q2 2025 Amid Challenges