Barrington analyst Vincent Colicchio lowered the firm’s price target on TD Synnex to $115 from $120 and keeps an Outperform rating on the shares after reducing its FY23 and FY24 forecasts in the wake of the company’s top and bottom line miss in fiscal Q2. However, the firm still believes that TD Synnex is “well positioned to achieve solid earnings growth in the out years,” the analyst tells investors.
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Read More on SNX:
- TD Synnex price target lowered to $115 from $120 at BofA
- TD Synnex price target lowered to $98 from $110 at RBC Capital
- TD Synnex price target lowered to $90 from $106 at Credit Suisse
- TD Synnex price target lowered to $98 from $103 at Barclays
- TD Synnex falls -6.4%
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