NEW YORK, February 3 (FinanceEnquiry.com) - Analysts at Deutsche Bank Securities reiterate their Buy rating on the shares of Arrow Electronics (NYSE: ARW). The 12-month target price has been raised from $41 to $49.

In a research note published yesterday, the analysts mention that Arrow Electronics posted inline F4Q revenue of $5.44 billion and better EPS of $1.38, beating the consensus of $5.43 billion and $1.30, respectively. In addition, component sales were at the high end and ECS sales were at the low end of guidance. Inventory dropped by 10% Q/Q, while the operating margin improved 30bps Q/Q to 4.5%, the analysts add. ARW guided F1Q-12 revenue to $4.67-$5.07 billion and EPS to $1.01-$1.13, consistent with the consensus of $4.89 billion and $1.07, respectively, with visibility still limited.