UPDATE: Stifel Nicolaus Raises PT on Arrow Electronics Following Earnings Call
July 25, 2013 at 11:24 AM EDT
In a report published Thursday, Stifel Nicolaus analyst Matthew Sheerin reiterated a Buy rating on Arrow Electronics (NYSE: ARW ), and raised the price target from $45.00 to $50.00. In the report, Stifel Nicolaus noted, “Key takeaways post earnings call: Q2 revenue of $5.306bn beat our estimate by $200mn, with