BofA analyst Ruplu Bhattacharya raised the firm’s price target on TD Synnex (SNX) to $180 from $170 and keeps a Buy rating on the shares after the company reported fiscal Q3 billings, revenue and EPS above the high end of guidance. Management guided billings growth for Q4 slightly lower at 11% year-over-year, which the firm thinks could prove to be conservative given the company is not seeing a slowdown in demand, but rather is being prudent, the analyst tells investors.
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