Ingram Micro(INGM) Plunges 10.26% to 52-Week Low on Analyst Downgrades

Ingram Micro(INGM) experienced a significant decline today, with the share price dropping to a record low, marking an intraday decrease of 10.26%.

Analysts from prominent financial institutions, including Morgan Stanley and Jefferies, have recently revised their price targets for Ingram Micro Holding Corporation's stock, leading to increased downward pressure on the stock price. This adjustment reflects a cautious outlook on the company's future performance, contributing to the overall negative sentiment in the market.

Additionally, Ingram Micro Holding Corp. reached a new 52-week low during trading, further highlighting the challenges the company is currently facing. This milestone underscores the broader market concerns and the need for the company to address underlying issues to regain investor confidence.