BofA raised the firm’s price target on TD Synnex (SNX) to $270 from $200 and keeps a Buy rating on the shares. Hyve now has at least one program with each of the top 5 U.S. hyperscalers, notes the analyst, who sees Hyve as an “underappreciated asset” that has strong growth and higher margins and can re-rate TD Synnex shares higher.
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