JPMorgan raised the firm’s price target on Ingram Micro (INGM) to $21 from $20 and keeps a Neutral rating on the shares. While investors remain concerned about digestion following the pull-forward, the stronger Q1 report and “robust” Q2 is securing full-year estimates and limiting the magnitude of downside to expectations, the analyst tells investors in a research note.
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Read More on INGM:
- Ingram Micro Holding Corporation: Strong Q1 Performance and Positive Outlook Drive Buy Rating
- Ingram Micro Reports Strong Q1 2025 Financial Results
- Ingram Micro Announces Dividend Increase and Strong Q1 Results
- Ingram Micro reports Q1 EPS 61c, consensus 57c
- Ingram Micro sees Q2 EPS 53c-63c, consensus 62c