UPDATE: BMC Reiterates Buy on Avnet, Slashes PT to $30

BMC reiterated its Buy rating on Avnet

. At the same time, the rating agency reduced its price target on the company's stock from $44 to $30. On Wednesday, AVT added 0.04% to its value to finish the day at $25.52. Its shares lost all of yesterday's losses in today's pre-market trading, falling 0.08% to stand around $25.50.