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Avnet, Inc. (AVT)
by Zacks Equity ResearchOctober 19, 2012 | Comments : 0 Recommended this article: (0)
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Moreover, the competitive strides in the industry may have a detrimental impact on the company. However, Avnet's diversified product ranges and notable acquisition strategy should have a positive impact on its businesses.
Mounting competition in the industry and negative foreign currency are also likely to be causes of concern moving forward. We have set a target price of $25.00 based on a P/E multiple of 8.9x to our 2013 EPS estimate.
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