UBS lowered the firm’s price target on TD Synnex (SNX) to $138 from $150 and keeps a Buy rating on the shares post the fiscal Q1 report. The firm says the company’s cloud digestion overshadowed the solid distribution results.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNX: