Truist Reiterates Hold Rating on Arrow Electronics (ARW)

Truist Securities analyst William Stein reiterated a Hold rating and $118.00 price target on Arrow Electronics (NYSE: ARW).

The analyst commented: "In recent investor meetings, ARW reinforced its cyclical upturn message; Cyclical upturn is present, but tariff challenges still not clear. We recently hosted investor meetings with ARW's management team. The key messages are (1) management reinforced its message that the company is experiencing the early stages of a cyclical upturn that will lead to growing revenue, margins, and inventory metrics in the near future; (2) the company does not see a significant impact of tariffs; (3) China-based suppliers represent untapped opportunities and risks, and (4) we expect ARW to establish new financial targets in the next few qtrs. No change to our estimates, PT, or Hold rating."

For an analyst ratings summary and ratings history on Arrow Electronics click here. For more ratings news on Arrow Electronics click here.

Shares of Arrow Electronics closed at $119.27 yesterday.

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