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Why Ingram Micro (INGM) Stock Is Down Today [Yahoo! Finance]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
This shift in rating reflected a more cautious stance on the stock. Despite the downgrade, the analyst's price target for Ingram Micro remained unchanged at $24.00. The change in rating suggested that the investment bank saw less potential for the stock's price to increase in the near future, which prompted investor concern. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy Ingram Micro? Access our full analysis report here Ingram Micro's shares are somewhat volatile and have had 11 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 3 days ago when the stock dropped 2.6% as investors rotated out of AI-linked high-flyers following underwhelming earnings updates from Oracle and Broadcom as the core th
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