TD Synnex price target raised to $155 from $145 at Morgan Stanley

Morgan Stanley raised the firm’s price target on TD Synnex (SNX) to $155 from $145 and keeps an Overweight rating on the shares. Q2 results outpaced expectations and Q3 guidance was in-line with the Street, “despite embedded conservatism,” says the analyst, who adds that demand is “trending a bit better than feared.” TD Synnex is executing well and Hyve seems to have momentum, adds the analyst, whose FY25 EPS estimate moves 3% higher post-earnings.