BUZZ-JP Morgan downgrades Ingram Micro, Insight on weaker 2026 outlook
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J.P. Morgan downgraded Ingram Micro Holdingand Insight Enterprisesfrom “neutral” to “underweight” due to weak enterprise spending outlook for 2026. Ingram Micro's shares fell 3.1% premarket, while Insight Enterprises' shares dipped 1.5%. J.P. Morgan also cut Insight's price target to $90 from $117. Both companies face valuation discounts and challenges in 2026, especially compared to peers with stronger AI infrastructure exposure.
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