TD Synnex price target lowered to $145 from $165 at RBC Capital

RBC Capital lowered the firm’s price target on TD Synnex (SNX) to $145 from $165 and keeps an Outperform rating on the shares after its Investor Day presentation featuring medium-term targets. The firm has reduced its price target to reflect near-term uncertainty and FY25 guidance but also believes that TD Synnex is well positioned to grow above market over the mid-term, the analyst tells investors in a research note.