AVT - Avnet: Requires A Few More Quarters Before Reaching The Trough
2024-07-02 02:04:46 ET
Summary
- Avnet is recommended as a hold, as the near-term downside may be huge.
- AVT's scale provides a competitive advantage with a wide assortment of SKUs and strong distribution capacity.
- Turnaround for AVT is expected in a few quarters (but this is hard to pinpoint).