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Fly News Breaks for April 11, 2018
SNX
Apr 11, 2018 | 07:28 EDT
Loop Capital analyst Ananda Baruah keeps his Buy rating and $160 price target on Synnex but highlights his upcoming meetings with the company's CEO and CFO on April 23-24. The analyst notes that Synnex is a "best of breed organic growing operator of high-value services in Hyperscale Data Center, Software, Data Security, and Networking with secular operating margin expansion". Baruah also points to the 9.7-times PE valuation on the stock creating an opportunity for "material valuation re-rating" given its cloud infrastructure business.
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