Brean Murray Carret Reiterates Hold on Ingram Micro

Brean Murray Carret maintains its Hold rating on Ingram Micro (NYSE: IM) as 2H2 catalysts could be incremental to company's recent share appreciation.

Brean Murray Carret says, "IM delivered a strong Dec Q, with implied Mar Q EPS in-line with the Street and revenue growth stronger than the Street. Dec Q revenue and EPS of $9.95B and $0.68 beat the street at $9.71B and $0.56 (vs. ours at $10.06B and $0.52). Mar Q revenue is expected to be flat to slightly down Y/Y (vs. Street of up 50bps y/y at $8/77B) with CY12 revenue growth of low to mid-single digits (vs. Street of up 90bps y/y at $36.67B)."

IM closed at $19.72 a share yesterday.