Ingram Micro price target lowered to $28 from $30 at BofA

BofA lowered the firm’s price target on Ingram Micro (INGM) to $28 from $30 and keeps a Buy rating on the shares. Ingram reported “strong” Q4 results, beating consensus revenue and EPS estimates, but gave a weaker fiscal Q1 outlook, the analyst tells investors. Following the report, the firm’s FY25 revenue and EPS estimates move to $49.4B and $2.89, from prior views of $49.97B and $3.27, respectively.

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