These Analysts Revise Their Forecasts On TD Synnex After Q3 Results

TD Synnex Corp SNX reported mixed results for its third quarter on Tuesday.

The company reported a third-quarter revenue decline of 9.1% Y/Y to $13.96 billion, missing the consensus of $14.11 billion. Adjusted EPS of $2.78 (+1.5% Y/Y) surpassed the consensus of $2.48.

TD Synnex shares fell 5.2% to close at $96.56 on Tuesday.

These analysts made changes to their price targets on TD Synnex following earnings announcement.

• Barclays raised the price target on TD Synnex from $98 to $99. Barclays analyst Tim Long maintained an Equal-Weight rating.
• Goldman Sachs increased the price target on TD Synnex from $100 to $112. Goldman Sachs analyst Michael Ng maintained a Buy rating.
• JP Morgan cut the price target on TD Synnex from $118 to $112. JP Morgan analyst Joseph Cardoso maintained an Overweight rating.

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