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Stock Market & Financial Investment News

News Breaks
January 24, 2014
07:50 EDTAVTAvnet price target raised to $50 from $44 at Brean Capital
Brean Capital raised its price target on Avnet and would use yesterday's pullback as a buying opportunity. The firm cited a stabilized demand environment, improved management, and gross margins improvement. Shares are Buy rated.
News For AVT From The Last 14 Days
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November 13, 2014
10:01 EDTAVTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ATK (ATK) downgraded to Hold from Buy at Argus... Adeptus Health (ADPT) downgraded to Hold from Buy at Deutsche Bank... American Woodmark (AMWD) downgraded to Neutral from Buy at Longbow... Avnet (AVT) downgraded to Sell from Neutral at Goldman... Baxano Surgical (BAXS) downgraded to Sell from Buy at Summer Street... Beazer Homes (BZH) downgraded to Neutral from Overweight at JPMorgan... Bristol-Myers (BMY) downgraded to Equal Weight from Overweight at Morgan Stanley... Centene (CNC) downgraded to Market Perform from Outperform at FBR Capital... Cherry Hill Mortgage (CHMI) downgraded to Equal Weight from Overweight at Barclays... Discover (DFS) downgraded to Hold from Buy at Deutsche Bank... Fleetmatics (FLTX) downgraded to Neutral from Buy at BofA/Merrill... Gazprom (OGZPY) downgraded to Neutral from Overweight at JPMorgan... Jabil Circuit (JBL) downgraded to Neutral from Buy at Goldman... LabCorp (LH) downgraded to Hold from Buy at Deutsche Bank... Laredo Petroleum (LPI) downgraded at BMO Capital... Macy's (M) downgraded to Market Perform from Outperform at Wells Fargo... Madison Square Garden (MSG) downgraded to Equal Weight from Overweight at Morgan Stanley... Marvell (MRVL) downgraded to Sell from Neutral at Goldman... Meritor (MTOR) downgraded to Neutral from Overweight at Piper Jaffray... Swedbank (SWDBY) downgraded to Underperform from Sector Perform at RBC Capital... TransGlobe (TGA) downgraded to Sector Perform from Outperform at Scotia Capital... UIL Holdings (UIL) downgraded to Hold from Buy at Argus... Verint Systems (VRNT) downgraded to Fair Value from Buy at CRT Capital... ZAIS Financial (ZFC) downgraded to Equal Weight from Overweight at Barclays.
05:30 EDTAVTAvnet downgraded to Sell from Neutral at Goldman
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November 7, 2014
08:04 EDTAVTAvnet announces additional $250M share repurchase authorization
Avnet announced approval by the company’s Board of Directors of an additional $250M for use in the company’s stock repurchase program and the declaration of a regular quarterly cash dividend of 16c per share. The dividend will be paid on December 15, 2014, to shareholders of record as of the close of business on December 2, 2014. With this incremental $250M stock repurchase authorization, Avnet has approved a cumulative total of $1B for its share repurchase program since August of 2011. During this time, the Company has purchased approximately $630M of shares and will now have approximately $370M remaining in current authorization as of November 6, 2014. This action will permit the company to continue repurchasing shares of its common stock as market and business conditions warrant. The program can be terminated at any time. The company may enter into Rule 10b5-1 plans to facilitate repurchases under the program.

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