Ingram Micro (NYSE:INGM) Now Covered by Analysts at Morgan Stanley

Stock analysts at Morgan Stanley started coverage on shares of Ingram Micro (NYSE:INGM) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm set an “equal weight” rating and a $24.00 price target on the stock. Morgan Stanley’s price objective indicates a potential upside of 5.49% from the company’s current price.

A number of other research analysts also recently issued reports on INGM. BNP Paribas initiated coverage on Ingram Micro in a research note on Monday. They set a “neutral” rating and a $25.00 price objective for the company. Royal Bank of Canada initiated coverage on shares of Ingram Micro in a research note on Monday. They set an “outperform” rating and a $26.00 target price on the stock. Northcoast Research began coverage on Ingram Micro in a research note on Friday, November 8th. They issued a “neutral” rating for the company. Raymond James began coverage on Ingram Micro in a research report on Monday. They set an “outperform” rating and a $28.00 target price for the company. Finally, Bank of America assumed coverage on shares of Ingram Micro in a report on Monday. They set a “buy” rating and a $30.00 price objective for the company. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Ingram Micro has an average rating of “Moderate Buy” and a consensus target price of $27.45.

Ingram Micro Stock Performance

Shares of NYSE INGM opened at $22.75 on Monday. Ingram Micro has a 12-month low of $22.25 and a 12-month high of $25.69.

Ingram Micro (NYSE:INGM) last announced its 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.

Ingram Micro Company Profile

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.