Wells Fargo Maintains Underweight on Arrow Electronics, Raises Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph Quatrochi maintains an Underweight rating on Arrow Electronics (NYSE:ARW) but raises the price target from $100 to $110.
August 02, 2024 | 6:49 pm
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Wells Fargo analyst Joseph Quatrochi maintains an Underweight rating on Arrow Electronics but raises the price target from $100 to $110.
The Underweight rating suggests a bearish outlook, but the raised price target indicates some positive expectations. The mixed signals likely result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100