Morgan Stanley raised the firm’s price target on TD Synnex (SNX) to “a Street-high” $271 from $218 and keeps an Overweight rating on the shares. Despite strong year-to-date outperformance, the firm believes the company’s Hyve contract manufacturing asset is still underappreciated, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNX:
- TD Synnex partners with Opensense for email signature management to MSP channel
- TD Synnex price target raised to $220 from $185 at JPMorgan
- Orca Security, TD Synnex enter distribution agreement
- TD SYNNEX Earnings Call Highlights Record Growth
- TD Synnex price target raised to $205 from $180 at Goldman Sachs