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SNX

Synnex

$128.67 /

+1.44 (+1.13%)

05:04
01/10/20
01/10
05:04
01/10/20
05:04

Synnex price target raised to $150 from $140 at Stifel

Stifel analyst Matthew Sheerin raised his price target for Synnex to $150 from $140 after the company reported sales and earnings significantly above Street on upside from its cloud-server-integration business and announced plans to split into two public companies. With Concentrix's integration of Convergys proceeding ahead of schedule, the timing of the split makes sense, Sheerin tells investors in a research note. He believes the spin off should unlock shareholder value and keeps a Buy rating on Synnex.

SNX Synnex
$128.67 /

+1.44 (+1.13%)

12/23/19 Citi
Citi names Amphenol top pick, cuts Celestica to Sell into 'Year of Connectivity'
09/06/19 BofA
Synnex initiated with a Buy at BofA/Merrill
04/12/19 Citi
Synnex price target raised to $140 from $130 at Citi
04/04/19
Fly Intel: Top five analyst initiations

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