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CHANGE IN RATINGS
Arrow Electronics (ARW Quote) coverage initiated at Goldman with a Buy rating based on improving components distribution. Note attractive valuation and potential upside to conservative earnings guidance. Price target at $30.Avnet (AVT Quote) coverage initiated at Goldman Sachs with a Neutral rating. Expect company to benefit from components recovery, but see greater upside potential in ARW. Price target at $26.
Continental Airlines (CAL Quote) upgraded at JPMorgan to Overweight from Neutral based on relative weakness. Shares are down 33% since April 21, much more than other airlines. Believe washed out sentiment led to over-correction. Maintained $13 target.
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,501.05 | 1,114.11 | 2,212.10 | 35.46 |
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