Technology Distributors

Bank of America has raised the price objective on Synnex (NYSE: SNX) to $38 and maintains its Buy rating.

Goldman Sachs has lowered the price target on Synnex Corporation (NYSE: SNX) from $35.50 to $33 and maintains its Neutral rating.

Citigroup has raised the price target on Synnex Corporation (NYSE: SNX) from $44 to $45 and maintains its Buy rating.

Synnex (SNX), which builds and sells IT systems, said its Q2 EPS rose 21% to 85 cents, beating by 6 cents. Sales grew 23% to $2.5 bil, slightly under views. It sees Q3 EPS of 88-92 cents vs. views for 94 cents. Shares fell 1.5%.

Shares of SYNNEX Corporation (NYSE: SNX) are falling in the after-hours following the release of its Q2 earnings results. Currently, shares are off by 3.1%, bid $30.75, at $30.95; they closed the regular session higher by 2.08%, at $31.46. SYNNEX Corporation reported Q2 EPS of $0.85 on revenues...

Avnet Technology Solutions, the global IT solutions distribution leader and operating group of Avnet, Inc. (NYSE: AVT), today announced its HP-designated Cloud Center of Excellence (CCoE) at its Global Solutions Center in Chandler, Ariz. Avnet's HP value-added reseller (VAR) partners in the U.S....

Analysts at Robert W. Baird upgraded Anixter International Inc (NYSE: AXE) from “neutral” to “outperform.” AXE's shares closed at $61.18 yesterday. Anixter's PEG ratio is 0.75. Analysts at FBR Capital upgraded EastGroup Properties Inc (NYSE: EGP) from “underperform” to “outperform.” EGP's shares...

Shaw Group Inc (NYSE: SHAW) is projected to post its FQ3 EPS at $0.68 on revenue of $1.69 billion. Progress Software Corporation (NASDAQ: PRGS) is estimated to report its FQ2 EPS at $0.38 on revenue of $134.08 million. Sealy Corporation (NYSE: ZZ) is projected to report its Q2 EPS at $0.00 on...

Arrow Electronics (NYSE: ARW) announced that the company has signed a definitive agreement pursuant to which Arrow will acquire all of the assets and operations of the distribution business of Seed International.

LONG: Agilysis (AGYS) LONG: BGC Partners (BGCP)   Read more...

Revolabs, Inc. today announced it has signed a North American distribution agreement with the world's largest IT distributor Ingram Micro Inc. (NYSE: IM). Going forward, Ingram Micro will be a distributor of Revolabs Wireless Audio Systems for Unified Communications. Ingram Micro will offer...

Stifel Nicolaus is out with its report today on Arrow Electronics (NYSE: ARW), maintaining Buy. In a note to clients, Stifel Nicolaus writes, "We believe shares, which are down 23% from the recent highs (vs. 9% for the Nasdaq), have already priced in a 'pause,' and still don't give Arrow enough...

FBR Capital upgraded Advanced Micro Devices Inc (NYSE: AMD) from “market perform” to “outperform.” AMD's shares closed at $7.50 yesterday. Advanced Micro's trailing-twelve-month ROE is 61.51%. Analysts at Auriga upgraded Mettler-Toledo International Inc (NYSE: MTD) from “hold” to “buy.” MTD's...

Jefferies & Company has upgraded the following companies: Brightpoint (NASDAQ: CELL) from Hold to Buy Omega Healthcare Investors (NYSE: OHI) from Hold to Buy, PT raised from $22 to $24 Sabra Health Care (NASDAQ: SBRA) from Hold to Buy, PT raised from $18 to $19

Jefferies & Company has upgraded Brightpoint (NASDAQ: CELL) from Hold to buy and has established a $12.50 price target.