Avnet 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.
Avnet sees Q3 adjusted EPS $1.04-$1.14, consensus $1.15 Sees Q3 sales $6.6B-$7.2B, consensus $6.93B. Q3 EM sales are expected to be in the range of $4.15B-$4.45B and TS sales are expected to be in the range of $2.45B-$2.75B.