Ingram Micro (NYSE:INGM) Coverage Initiated at Morgan Stanley

Research analysts at Morgan Stanley began coverage on shares of Ingram Micro (NYSE:INGM) in a research note issued on Monday, MarketBeat reports. The firm set an “equal weight” rating and a $24.00 price target on the stock. Morgan Stanley’s price target would suggest a potential upside of 5.49% from the stock’s previous close.

Several other research analysts have also issued reports on INGM. Bank of America initiated coverage on Ingram Micro in a research report on Monday. They issued a “buy” rating and a $30.00 target price for the company. Evercore ISI assumed coverage on shares of Ingram Micro in a report on Monday. They set an “inline” rating and a $27.00 target price on the stock. Raymond James started 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. BNP Paribas began coverage on shares of Ingram Micro in a research note on Monday. They set a “neutral” rating and a $25.00 price objective on the stock. Finally, Jefferies Financial Group began coverage on shares of Ingram Micro in a research note on Monday. They set a “buy” rating and a $28.00 target price for the company. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.45.

Ingram Micro Stock Performance

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

Ingram Micro (NYSE:INGM) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $11.76 billion for 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.