TD Synnex price target raised to $140 from $118 at Barclays

Barclays analyst George Wang raised the firm’s price target on TD Synnex (SNX) to $140 from $118 and keeps an Equal Weight rating on the shares. The company reported strong fiscal Q2 results with strength in PCs, software, security, and networking returning to growth, the analyst tells investors in a research note. The firm says management expects PC demand to continue to be strong in the second half of the year, especially in business-to-business, driven by the refresh cycle. TD Synnex’s Q3 guidance is solid given tough compares and the uncertain tariff environment, contends Barclays.