Ingram Micro (NYSE:INGM) Coverage Initiated at Bank of America

Equities researchers at Bank of America started coverage on shares of Ingram Micro (NYSE:INGM) in a note issued to investors on Monday, MarketBeat reports. The brokerage set a “buy” rating and a $30.00 price target on the stock. Bank of America‘s price target points to a potential upside of 31.87% from the stock’s previous close.

Several other analysts have also issued reports on INGM. Northcoast Research initiated coverage on Ingram Micro in a report on Friday, November 8th. They set a “neutral” rating on the stock. Evercore ISI started coverage on Ingram Micro in a research note on Monday. They set an “inline” rating and a $27.00 price objective on the stock. Finally, Raymond James initiated coverage on shares of Ingram Micro in a research note on Monday. They issued an “outperform” rating and a $28.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.45.

Ingram Micro Trading Down 3.1 %

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 issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The firm had revenue of $11.76 billion during 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.