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Fly News Breaks for March 24, 2016
SNX
Mar 24, 2016 | 09:33 EDT
Cross Research downgraded SYNNEX to Hold citing lack of near-term catalysts and valuation.
News For SNX From the Last 2 Days
SNX
Apr 15, 2024 | 19:51 EDT
UBS upgraded TD Synnex to Buy from Neutral with a price target of $145, up from $115. The firm believes that the company's growth will accelerate in FY24 and FY25 to 6% and that this is not priced in by the market, the analyst tells investors in a research note. UBS adds that IT / AI demand, coupled with a capital allocation strategy, will at a minimum return 50% of TD Synnex's cash flow to shareholders via both dividends and buybacks.
