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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.
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