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UPDATE: Raymond James Upgrades PC Connection

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Earlier Friday, Raymond James published a research note in which CFA Brian Alexander upgraded shares of PC Connection (NASDAQ: PCCC) from Underperform to Market Perform.

As reason for the upgrade, Alexander cited:

  • "Very consistent" execution
  • Growth out pacing peers
  • Increased traction in higher margins solutions
  • A "more reasonable" valuation

In conjunction with upgrade, Alexander has raised his 2015 revenue and EPS estimates from $2.46 billion and $1.60 to $2.42 and $1.63, respectively.

Shares of PC Connection have risen about 2.8 percent.

Latest Ratings for PCCC

DateFirmActionFromTo
Jan 2016Raymond JamesUpgradesUnderperformMarket Perform
May 2015Raymond JamesDowngradesMarket PerformUnderperform
Aug 2014Raymond JamesUpgradesUnderperformMarket Perform

View More Analyst Ratings for PCCC
View the Latest Analyst Ratings

 

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Posted-In: Brian Alexander Raymond JamesAnalyst Color Upgrades Price Target Analyst Ratings

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