TD Synnex price target raised to $140 from $130 at Stifel

Stifel raised the firm’s price target on TD Synnex (SNX) to $140 from $130 and keeps a Buy rating on the shares following the Q4 beat. The firm adjusted forward estimates to reflect modest growth across the company’s product portfolio. It also trimmed fiscal 2025 earnings estimates to reflect a more limited margin upside due to investments in Hyve.