Goldman Sachs analyst Michael Ng raised the firm’s price target on TD Synnex (SNX) to $164 from $145 and keeps a Buy rating on the shares. The company’s Q3 earnings beat was driven by broad-based strength across both Endpoint Solutions, Advanced Solutions, and Hyve, the analyst tells investors in a research note. TD Synnex’s Q4 guidance also beat consensus expectations, reflecting expectations for continued broad-based strength amongst both Hyve and distribution, the firm added.
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