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Tech Data Skips From Underperform To Buy At CLSA On Avnet Deal
Tuesday, September 20, 2016 - 12:33pm | 395Read More...The $2.6 billion acquisition of Avnet, Inc. (NYSE: AVT)'s technology solutions business earns an upgrade for Tech Data Corp (NASDAQ: TECD) from CLSA to Buy from Underperform. The deal, which will give Tech Data a business generating $9 billion in revenue and $300 million operating profit, is...
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CLSA Ponders What Avnet Will Do With Cash From Tech Data Deal
Tuesday, September 20, 2016 - 11:02am | 319Read More...Avnet, Inc. (NYSE: AVT) announced that it will sell its Technology Solutions reselling business to Tech Data Corp (NASDAQ: TECD) for $2.6 billion. CLSA’s Louis Miscioscia maintained an Underperform rating on Avnet, with a price target of $43. Including the earlier Premier Farnell...
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IBM 'Turnaround Year' Is Coming, Says CLSA Analyst
Wednesday, January 20, 2016 - 3:15pm | 251Read More...CLSA issued a company note on International Business Machines Corp. (NYSE: IBM) after a disappointing earnings announcement amid core business weakness seen in recent quarters. CLSA rates IBM as Outperform, while lowering the price target from $161 to $140. Analysts Louis Miscioscia, Ed Maguire...
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Rackspace's Competition Is Getting Even Stronger; CLSA Cuts Targets
Tuesday, November 24, 2015 - 10:49am | 329Read More...Shares of Rackspace Hosting, Inc (NYSE: RAX) have lost 40 percent since May 26 and are trading close to their 52-week low of $23.65. CLSA’s Louis Miscioscia maintained an Underperform rating on the company, while reducing the price target from $27 to $23. The massive scale advantage...
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CLSA Analyst: Long-Term Investors Could Start To Build A Position In IBM At These Levels
Friday, February 27, 2015 - 9:12am | 353Read More...Although International Business Machines Corp. (NYSE: IBM) has been disappointing analysts and investors the last few quarters, at its Investor's Day meeting on Thursday the company shared an optimistic outlook for the future, especially for its high growth businesses or ‘strategic...
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Fast Money Traders Give Their Opinion On HPQ Scandal
Friday, August 6, 2010 - 7:04pm | 284Read More...On CNBC's Fast Money, Karen Finerman said that Hewlett-Packard Company (NYSE: HPQ) is a very big company, and it takes more than one person to run it. But she also believes that shareholders can't be happy with the news like this, because Mark Hurd is an important asset of this company. She thinks...
