Tech Data Corporation (NASDAQ: TECD) had its target price trimmed by Barclays Capital from $47.00 to $45.00 in a report released on Tuesday. Barclays Capital currently has an equal weight rating on the stock.
TECD has been the subject of a number of other recent research reports. Analysts at Brean Murray raised their price target on shares of Tech Data Corporation from $52.00 to $54.00 in a research note to investors on Tuesday. They now have a buy rating on the stock. Separately, analysts at Needham & Company cut their price target on shares of Tech Data Corporation from $54.00 to $53.00 in a research note to investors on Monday. They now have a buy rating on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Tech Data Corporation in a research note to investors on Friday, March 1st. They now have a $56.00 price target on the stock.
Shares of Tech Data Corporation traded down 0.48% during mid-day trading on Tuesday, hitting $49.98. Tech Data Corporation has a 52 week low of $42.25 and a 52 week high of $55.33. The stock’s 50-day moving average is currently $51.30. The company has a market cap of $1.887 billion and a P/E ratio of 10.80.
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