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SNX

Synnex

$86.80

1.55 (1.82%)

08:16
01/11/19
01/11
08:16
01/11/19
08:16

Synnex positioned well for strong 2019, says Loop Capital

Loop Capital analyst Ananda Baruah kept his Buy rating and $160 price target on Synnex after its "another strong quarter" report. The analyst says the company is "well positioned to drive strong results" this year across its Technology and Services segments, adding that the acquisitions of Westcon-Comstor and Convergys may be accretive to earnings by up to $3 per share through FY20.

  • 15

    Jan

SNX Synnex
$86.80

1.55 (1.82%)

10/04/18
NEED
10/04/18
UPGRADE
Target $135
NEED
Strong Buy
Synnex upgraded to Strong Buy at Needham after another 'solid' quarter
As reported earlier, Needham analyst Sean Hannon upgraded Synnex to Strong Buy from Buy with a price target of $135 after its "solid" earnings result in Q3. The analyst cites the company's business becoming "more diversified, experiencing healthy fundamental demand, and expanding its structural margin profile". Hannon further notes the Street being too focused on the margin pressure of Synnex's Hyve business while missing a "bigger story of strong profit growth" while also pointing to the valuation on the stock reaching "trough levels" of 6.8-times forward earnings based on the aftermarket price yesterday.
10/04/18
RHCO
10/04/18
NO CHANGE
Target $100
RHCO
Buy
Synnex price target lowered to $100 from $125 at SunTrust
SunTrust analyst Frank Atkins lowered his price target on Synnex (SNX) to $100, saying that while Q3 earnings topped expectations, the outlook for Q4 was disappointing. The analyst also recommends that investors buy the shares on weakness, anticipating margin expansion in FY19 to drive multiples while the company also allocates some of the cashflows to debt payment. Atkins further sees reduced revenue volatility coming from Synnex's acquisition of Convergys (CVG).
10/04/18
10/04/18
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. National Storage (NSA) upgraded to Buy from Hold at Jefferies with analyst George Hoglund saying he believes the recent weakness in the shares is overdone and presents a buying opportunity. 2. Cummins (CMI) upgraded to Overweight from Neutral at Piper Jaffray with analyst Alexander Potter saying his deep-dive analysis illuminates the likelihood of upside versus consensus estimates in the coming years. 3. Synnex (SNX) upgraded to Strong Buy from Buy at Needham with analyst Sean Hannon citing the company's business becoming "more diversified, experiencing healthy fundamental demand, and expanding its structural margin profile." 4. Cloudera (CLDR) upgraded to Buy from Neutral at DA Davidson and Nomura Instinet. 5. Washington Trust (WASH) upgraded to Buy from Hold at Sandler O'Neill withh analyst Mark Fitzgibbon saying management went out of their way to focus on their organic growth and "made a compelling argument that there is a dearth of good mid-size banks in New England." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/11/19
CRSS
01/11/19
UPGRADE
CRSS
Buy
Synnex upgraded to Buy from Hold at Cross Research

TODAY'S FREE FLY STORIES

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RVNC

Revance

$18.11

-2.11 (-10.44%)

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  • 17

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MRTX

Mirati Therapeutics

$62.51

-2.33 (-3.59%)

20:49
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  • 17

    Jan

BREW

Craft Brew

$15.50

0.19 (1.24%)

20:45
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ROX

Castle Brands

$0.91

0.0122 (1.36%)

20:41
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PRT

PermRock Royalty Trust

$9.61

-0.39 (-3.90%)

20:39
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GBCI

Glacier Bancorp

$42.87

1.36 (3.28%)

20:38
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    Mar

ERJ

Embraer

$22.81

-0.59 (-2.52%)

20:34
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20:34
Downgrade
Embraer rating change at Morgan Stanley »

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AICAF

Air China

$0.00

(0.00%)

20:32
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01/16
20:32
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20:32
Upgrade
Air China rating change at HSBC »

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CEA

China Eastern Airlines

$28.64

-0.09 (-0.31%)

20:26
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01/16
20:26
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20:26
Upgrade
China Eastern Airlines rating change at HSBC »

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MS

Morgan Stanley

$44.48

1.59 (3.71%)

, BBT

BB&T

$47.55

1.2 (2.59%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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MS

Morgan Stanley

$44.48

1.59 (3.71%)

BBT

BB&T

$47.55

1.2 (2.59%)

PPG

PPG

$102.58

1.58 (1.56%)

MTB

M&T Bank

$154.45

3.04 (2.01%)

KEY

KeyCorp

$16.75

0.44 (2.70%)

FAST

Fastenal

$54.11

-0.47 (-0.86%)

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  • 17

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    Feb

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    May

  • 18

    Oct

FDC

First Data

$21.27

3.72 (21.20%)

20:07
01/16/19
01/16
20:07
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20:07
Downgrade
First Data rating change at Goldman Sachs »

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  • 03

    Mar

VEON

Veon

$2.56

-0.03 (-1.16%)

19:44
01/16/19
01/16
19:44
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19:44
Downgrade
Veon rating change at VTB Capital »

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AMZN

Amazon.com

$1,682.84

7.84 (0.47%)

19:22
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01/16
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Hot Stocks
Amazon announces AWS Backup service »

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  • 16

    Jan

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    Jan

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    Mar

GS

Goldman Sachs

$197.03

17.12 (9.52%)

19:09
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WSJ's "Heard on the Street" column says to look past Goldman Sachs Q4 glitter »

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  • 03

    Mar

TSLA

Tesla

$346.03

1.78 (0.52%)

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Periodicals
CA makes up large portion of Tesla Model 3 registrations in 2018, Bloomberg says »

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  • 16

    Jan

CARS

Cars.com

$23.14

-0.26 (-1.11%)

, MNKD

MannKind

$1.32

-0.06 (-4.35%)

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Cars.com

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MNKD

MannKind

$1.32

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FOLD

Amicus

$12.18

0.19 (1.58%)

FUL

H.B. Fuller

$43.35

0.09 (0.21%)

PLXS

Plexus

$54.88

1.195 (2.23%)

CSX

CSX

$65.36

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KMI

Kinder Morgan

$17.46

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AA

Alcoa

$29.02

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ACB

Aurora Cannabis

$7.33

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MRTX

Mirati Therapeutics

$62.51

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AAPL

Apple

$154.88

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  • 16

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  • 17

    Jan

BAC

Bank of America

$28.44

1.89 (7.12%)

18:46
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Periodicals
BofA's global investment banking head to leave bank, FT reports »

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  • 16

    Jan

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  • 03

    Mar

NEWR

New Relic

$90.47

1.38 (1.55%)

18:44
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  • 23

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    Mar

TME

Tencent Music

$12.99

0.57 (4.59%)

18:33
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ASCMA

Ascent Capital

$0.40

-0.0499 (-11.09%)

18:27
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CMS

CMS Energy

$50.56

0.34 (0.68%)

18:19
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Initiation
CMS Energy initiated at Goldman Sachs »

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  • 10

    Feb

DTE

DTE Energy

$111.73

0.48 (0.43%)

18:15
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DTE Energy initiated at Goldman Sachs »

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