), while raising their estimates for the company. The target price for TECD is set to $50. TECD posted better-than-expected EPS for the April quarter driven by stronger-than-expected revenue from the European region. According to Brean Murray, “strength across all product categories and momentum is expected to continue through the year.” “Tech Data is now well into executing on a strategy of 1) an improving and more efficiently run core distribution business with 2) new high-growth / higher profit adjacent businesses (such as mobile phones and data center products and solutions),” the analysts say. TECD said that it has “no exposure in Greece and a small presence in Portugal and expects growth will continue to be strong and AIS and Azlan combined should reach approximately 5 billion in revenue in FY11.” Brean Murray has raised its EPS estimates for FY11 and FY12 from $3.80 to $3.82 and from $4.02 to $4.05, respectively.