TD Synnex price target raised to $185 from $175 at JPMorgan

JPMorgan analyst Joseph Cardoso raised the firm’s price target on TD Synnex (SNX) to $185 from $175 and keeps a Neutral rating on the shares as part of a fiscal Q1 report. The company has Hyve momentum on new hyperscaler wins, but its macro overhang persists into the back half of the year, the analyst tells investors in a research note.