Entering text into the input field will update the search result below

BofAML hits Arrow sidelines on margin peak

May 06, 2019 7:25 AM ETArrow Electronics, Inc. (ARW) StockARWBy: Brandy Betz, SA News Editor
  • Bank of America Merrill Lynch downgrades Arrow Electronics (NYSE:ARW) from Buy to Neutral citing limited earnings growth in 2020 and operating margins that peaked last year.
  • The firm sees headwinds from an inventory correction and is subbing in low-margin volume fulfillment in Asia, which BofAML estimates "will result in a 50bp decline in component op. margin for C2019 (by our estimate) and result in a y/y EPS decline."
  • Price target drops from $97 to $80.
  • ARW shares are flat pre-market at $76.15.

Recommended For You

More Trending News

About ARW Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
ARW--
Arrow Electronics, Inc.