TD Synnex price target raised to $148 from $132 at Barclays

Barclays raised the firm’s price target on TD Synnex (SNX) to $148 from $132 and keeps an Equal Weight rating on the shares. The company reported better than expected Q4 results with a fiscal 2025 guidance relatively in line with expectations, the analyst tells investors in a research note. The firm says that while the shares are inexpensive, it remains on the sidelines due to near-term margin uncertainty around the Hyve business and uneven end market recovery.