Barclays raised the firm’s price target on TD Synnex (SNX) to $164 from $140 and keeps an Equal Weight rating on the shares. The company reported a Q3 beat on strong PC, software, and Hyve results, but caution remains that the PC refresh cycle is nearing its peak, the analyst tells investors in a research note. The firm views TD Synnex’s results as a sign that enterprise spending is recovering.
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