Truist analyst William Stein raised the firm’s price target on Avnet (AVT) to $58 from $52 and keeps a Hold rating on the shares. The company’s Q1 results topped estimates on strength in components revenue and operating margins, though its Q2 guide was mixed as further revenue upside doesn’t seem to translate to ongoing margin improvement, the analyst tells investors in a research note.
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Read More on AVT:
- Avnet’s 2025 Q1 Earnings: Sales and Growth Insights
- Avnet sees Q2 EPS 80c-90c, consensus $1.01
- Avnet reports Q1 EPS 92c, consensus 86c
- Avnet (AVT) Q1 Earnings Cheat Sheet
- Avnet names Dave Youngblood as Chief Digital Officer
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