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Earlier Friday, Raymond James published a research note in which CFA Brian Alexander upgraded shares of PC Connection 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.
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