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TD Synnex price target raised to $170 from $156 at BofA

BofA analyst Ruplu Bhattacharya raised the firm’s price target on TD Synnex (SNX) to $170 from $156 and keeps a Buy rating on the shares after having hosted in-person investor meetings with CEO Patrick Zammit and CFO Marshall Witt as well as other executives. While noting that there were no updates to guidance, the firm walked away from the meetings “confident in TD Synnex’s competitive position,” the analyst tells investors.

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