Arrow Electronics price target raised to $44 from $41 at Brean Capital Brean Capital raised its price target on Arrow Electronics following Q4 results. The firm remains buyers at current levels based on the belief there is little downside risk, current valuation, and leverage opportunities. shares are Buy rated.
Arrow Electronics announces additional $200M share repurchase program Arrow Electronics announced the approval by the company’s board of directors of the repurchase of up to an additional $200M of common stock through a share repurchase program. The company has spent approximately $1.2B on share repurchases since the beginning of 2010 and this action will permit the company to continue repurchasing shares of its common stock as market and business conditions warrant.