Arrow Electronics shares hit a 12-month low at $109.20; StockNews.com downgraded rating to 'hold' with avg target price of $133.67.

On December 14th, Arrow Electronics (NYSE:ARW) reached a new 52-week low at $109.20. The stock last traded at $110.76. StockNews.com downgraded the company from a 'buy' rating to a 'hold' rating on December 13th. Analysts have given Arrow Electronics a consensus rating of 'Hold' and an average target price of $133.67. The company reported quarterly earnings on November 2nd, showing $4.14 EPS, which exceeded the consensus estimate by $0.66. Institutional investors own 94.79% of the stock.

February 03, 2024
2 Articles