Morgan Stanley raised the firm’s price target on Ingram Micro (INGM) to $23 from $18 and keeps an Overweight rating on the shares. Q1 results were “quite strong” and while management guided to a sub-seasonal Q2 to be conservative, the guidance still topped Street estimates, the analyst tells investors. The firm’s estimates move higher after a strong Q1, though the firm still sees uncertainty in the second half given the policy and macro backdrop, the analyst added.
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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
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