Ingram Micro (NYSE:INGM) Coverage Initiated by Analysts at Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Ingram Micro (NYSE:INGM) in a research report sent to investors on Monday, MarketBeat.com reports. The brokerage issued a buy rating and a $28.00 target price on the stock.

A number of other research firms have also issued reports on INGM. Morgan Stanley began coverage on Ingram Micro in a report on Monday. They set an “equal weight” rating and a $24.00 target price on the stock. Evercore ISI initiated coverage on shares of Ingram Micro in a research note on Monday. They issued an “inline” rating and a $27.00 price objective on the stock. BNP Paribas began coverage on shares of Ingram Micro in a research note on Monday. They set a “neutral” rating and a $25.00 target price for the company. Jefferies Financial Group started coverage on shares of Ingram Micro in a report on Monday. They set a “buy” rating and a $28.00 target price for the company. Finally, Northcoast Research initiated coverage on Ingram Micro in a report on Friday, November 8th. They issued a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.92.

Ingram Micro Price Performance

Shares of INGM opened at $22.70 on Monday. Ingram Micro has a one year low of $22.01 and a one year high of $25.69.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share for the quarter. The company 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.