Deutsche Bank Aktiengesellschaft Initiates Coverage on Ingram Micro (NYSE:INGM)

Investment analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Ingram Micro (NYSE:INGM) in a report issued on Monday, Marketbeat.com reports. The firm set a “buy” rating and a $26.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 14.29% from the company’s previous close.

Several other equities research analysts have also recently commented on INGM. Morgan Stanley started coverage on Ingram Micro in a report on Monday. They set an “equal weight” rating and a $24.00 target price on the stock. Redburn Atlantic began coverage on Ingram Micro in a report on Monday. They issued a “buy” rating and a $30.00 price objective for the company. Northcoast Research assumed coverage on Ingram Micro in a report on Friday, November 8th. They set a “neutral” rating on the stock. Royal Bank of Canada began coverage on shares of Ingram Micro in a report on Monday. They issued an “outperform” rating and a $26.00 price target for the company. Finally, Stifel Nicolaus started coverage on shares of Ingram Micro in a research note on Monday. They issued a “buy” rating and a $28.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $27.45.

Ingram Micro Stock Down 3.1 %

Shares of NYSE INGM opened at $22.75 on Monday. Ingram Micro has a 52-week low of $22.25 and a 52-week high of $25.69.

Ingram Micro (NYSE:INGM) last released its earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The company had revenue of $11.76 billion for 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.