Morgan Stanley Initiates Coverage on Ingram Micro (NYSE:INGM)

Investment analysts at Morgan Stanley began coverage on shares of Ingram Micro (NYSE:INGM - Get Free Report) in a note issued to investors on Monday, Marketbeat Ratings reports. The firm set an "equal weight" rating and a $24.00 price target on the stock. Morgan Stanley's price target points to a potential upside of 5.40% from the stock's previous close.

A number of other analysts also recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of Ingram Micro in a report on Monday. They set an "outperform" rating and a $26.00 price objective for the company. Evercore ISI assumed coverage on Ingram Micro in a research report on Monday. They issued an "inline" rating and a $27.00 price objective on the stock. Raymond James began coverage on shares of Ingram Micro in a research note on Monday. They issued an "outperform" rating and a $28.00 price target for the company. Bank of America initiated coverage on shares of Ingram Micro in a research report on Monday. They issued a "buy" rating and a $30.00 target price on the stock. Finally, Jefferies Financial Group started coverage on Ingram Micro in a report on Monday. They issued a "buy" rating and a $28.00 target price on the stock. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $27.92.

Ingram Micro Trading Up 0.1 %

Shares of NYSE INGM traded up $0.02 during mid-day trading on Monday, reaching $22.77. 493,802 shares of the company's stock traded hands, compared to its average volume of 349,035. Ingram Micro has a 1-year low of $22.01 and a 1-year high of $25.69.

Ingram Micro (NYSE:INGM - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The company had revenue of $11.76 billion during the quarter.

About Ingram Micro

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world’s leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.