Pivotal Research Keeps Their Buy Rating on Avnet


Pivotal Research analyst Louis Miscioscia reiterated a Buy rating on Avnet (NASDAQ: AVT) today and set a price target of $50. The company’s shares closed yesterday at $42.66.

Miscioscia said:

“We are following up to our Friday 6.15.18 upgrade note with a more detailed review post the NYC Analyst meeting last week and point to the data points on Avnet’s turnaround.”

Miscioscia has an average return of 1.0% when recommending Avnet.

According to TipRanks.com, Miscioscia is ranked #3617 out of 4829 analysts.

Avnet has an analyst consensus of Hold, with a price target consensus of $42.

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The company has a one-year high of $44.85 and a one-year low of $35.67. Currently, Avnet has an average volume of 877.9K.

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Avnet, Inc. engages in the distribution and sale of electronic components. It operates through the Electronics Components and Premier Farnell segments. The Electronics Components segment markets and sells semiconductors, interconnect, passive and electromechanical devices and integrated components.

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