Truist Financial Sticks to Their Hold Rating for Arrow Electronics (ARW)
Truist Financial analyst William Stein maintained a Hold rating on Arrow Electronics today and set a price target of $111.26.
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Stein covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Amphenol, and Arrow Electronics. According to TipRanks, Stein has an average return of 33.3% and a 74.88% success rate on recommended stocks.
Currently, the analyst consensus on Arrow Electronics is a Moderate Sell with an average price target of $102.63.
Based on Arrow Electronics’ latest earnings release for the quarter ending September 27, the company reported a quarterly revenue of $7.71 billion and a net profit of $109.19 million. In comparison, last year the company earned a revenue of $6.82 billion and had a net profit of $100.57 million
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