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SNX

Synnex

$116.59

0.485 (0.42%)

16:15
09/25/17
09/25
16:15
09/25/17
16:15

Synnex reports Q3 adjusted EPS $2.16, consensus $1.97

Reports Q3 revenue $4.28B, consensus $4B.

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    Oct

SNX Synnex
$116.59

0.485 (0.42%)

05/19/17
05/19/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Goldman Sachs analyst Brett Feldman added T-Mobile (TMUS) to the firm's Conviction Buy List and increased its price target to $81 from $74 based on potential capital returns and upside to subscriber growth forecasts. 2. Jefferies analyst John DiFucci upgraded Palo Alto Networks (PANW) to Buy and raised his price target for the shares to $150 from $130. Palo's recent operational weakness has more to do with a major product cycle than sales execution or increased competition, DiFucci tells investors. 3. Oppenheimer analyst Brian Nagel upgraded Lumber Liquidators (LL) to Outperform saying a "potentially prolonged recovery" is starting to take shape under new management. 4. Raymond James analyst Adam Tindle upgraded SYNNEX (SNX) two notches to Strong Buy from Market Perform and established a $122 price target on shares saying key metrics are "poised to inflect." 5. RBC Capital upgraded Autodesk (ADSK) to Outperform from Sector Perform. Analyst Matthew Hedberg says he has increased confidence in the transition of the company's business model after it reported stronger than expected Q1 results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/24/17
LOOP
08/24/17
INITIATION
Target $140
LOOP
Buy
SYNNEX initiated with a Buy at Loop Capital
Loop Capital analyst Ananda Baruah started SYNNEX with a Buy rating and $140 price target.
09/01/17
SBSH
09/01/17
NO CHANGE
Target $100
SBSH
Neutral
Tech Data price target lowered to $100 from $115 at Citi
Citi analyst Jim Suva explains why shares of Tech Data (TECD) dropped 20% on last night's disappointing earnings report. The cloud is gaining traction, allowing some vendors to shift products internally as well as less distributor rebates, which is resulting in increased competition and lower financial incentives, Suva tells investors in a post-earnings research note. He views Tech Data's earnings report as a negative for Sell-rated Arrow Electronics (ARW) and Avnet (AVT) as well as Neutral-rated Synnex (SNX), but a positive for HP Inc. (HPQ) and Apple (AAPL) as top line sales of PCs and smartphones are doing well. Suva cut his price target for Tech Data shares to $100 from $115 and keeps a Neutral rating on the name.
09/18/17
NEED
09/18/17
INITIATION
NEED
Buy
Synnex coverage resumed with a Buy at Needham
Needham analyst Sean Hannan resumed coverage of Synnex with a $135 price target and a Buy rating. The analyst says that the company is benefiting from "healthy IT spending trends," including strong data center and cloud activity. He believes that its acquisition of Westcon-Comstor should boost its offering and geographic position. He calls the company "an attractive name possessing high-quality execution, a diversified business, and an improving model through strategic M&A. "

TODAY'S FREE FLY STORIES

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BA

Boeing

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5.71 (2.20%)

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BAC

Bank of America

$27.17

0.59 (2.22%)

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ATHN

athenahealth

$126.04

9.63 (8.27%)

05:18
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Upgrade
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TATYY

Tate & Lyle

$33.23

-0.835 (-2.45%)

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RIO

Rio Tinto

$48.37

0.24 (0.50%)

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MELI

MercadoLibre

$235.73

-0.27 (-0.11%)

05:02
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BIIB

Biogen

$338.10

-4.32 (-1.26%)

04:59
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CELG

Celgene

$121.33

-14.63 (-10.76%)

04:56
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Downgrade
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ASOMY

ASOS

$74.28

1.5 (2.06%)

04:55
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Conference/Events
ASOS management to meet with JPMorgan »

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PAY

Verifone

$20.06

0.06 (0.30%)

04:55
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PLUG

Plug Power

$2.70

0.17 (6.72%)

04:55
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Plug Power to host special shareholder meeting »

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DDAIF

Daimler AG

$80.57

-1.11 (-1.36%)

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Conference/Events
Daimler AG management to meet with JPMorgan »

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IVC

Invacare

$14.60

0.05 (0.34%)

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ALXN

Alexion

$139.02

-1.44 (-1.03%)

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BIVV

Bioverativ

$60.22

0.49 (0.82%)

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TSRO

Tesaro

$116.40

0.89 (0.77%)

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AMAG

Amag Pharmaceuticals

$15.60

-0.45 (-2.80%)

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