TD Synnex price target raised to $200 from $180 at BofA

BofA raised the firm’s price target on TD Synnex (SNX) to $200 from $180 and keeps a Buy rating on the shares following “a strong beat” in fiscal Q1 and guidance that was above the Street view for Q2. The firm, which is “encouraged” by the Q1 results and Q2 guidance, remains “cautiously optimistic” on the second half despite potential demand reduction from higher prices, a weak macro environment and geopolitical risks, the analyst tells investors.