Jefferies lowered the firm’s price target on Ingram Micro (INGM) to $24 from $28 and keeps a Buy rating on the shares. The firm updated its model following Q4 results, noting that its 2025 revenue estimates move modestly higher but its adjusted EPS estimate fell by 44c. Such a change reflects a sales mix that continues to favor simpler, lower-margin products and solutions, the analyst tells investors in a research note. The firm added that, with the recent increase in market volatility, it sees a risk that sales of more complex solutions get pushed out, even with the PC refresh cycle on the horizon.
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