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Fly News Breaks for April 3, 2018
SNX
Apr 3, 2018 | 08:04 EDT
SunTrust analyst Frank Atkins lowered his price target on Synnex to $130, saying that despite the Q1 earnings beat, the company's outlook for Q2 implies a slower margin improvement than he initially estimated. Longer term, Atkins keeps his Buy rating on Synnex, citing the growth in the technology solutions segment as well as the company's BPM services business Concentrix. The analyst adds that the "revenue story" for Synnex remains intact, as the integration of Westcon-Comstor is proceeding smoothly.
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