TD Synnex price target lowered to $118 from $125 at Barclays

Barclays lowered the firm’s price target on TD Synnex (SNX) to $118 from $125 and keeps an Equal Weight rating on the shares after attending the company’s analyst day and meeting with senior management teams. TD Synnex cut FY25 guidance due to macro caution and the refreshed medium-term TSR target is slightly below expectations, according to Barclays. Incremental Hyve disclosures were given as TD Synnex continues to work on expanding customer base, the firm told investors.