Needham analyst Sean Hannan lowered his price target on Synnex to $135 after the company's Q2 guidance miss, saying that while the company is performing well across the majority of its segments, competition in its Hyve business creates some headwinds for its profitability slope. Hannan keeps his Buy rating however, calling those headwinds a "temporary" 2018 issue while forecasting Synnex to be supported by improving diversification and revenue benefits from Westcon-Comstor. The analyst maintains that the company's business model and valuation remain attractive.