Raymond James raises Arrow Electronics stake, increases price target and ratings.
Raymond James & Associates raised its stake in Arrow Electronics (ARW) by 2.2% to 57,363 shares after purchasing 1,262 shares. The firm now owns 0.11% of the tech company. Arrow Electronics reported EPS of $2.78 for the quarter, exceeding analysts' consensus estimates of $2.16. Raymond James increased its price target from $135 to $140 and gave the stock an "outperform" rating.
August 29, 2024
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