Brean Murray, Carret & Co. Raises SNX Target To $43

Brean Murray, Carret & Co. is raising its PT on Synnex Corp. SNX to $43. “Contribution from the core distribution and services business – now including high value services, consumer and enterprise – and addition of ~$1.1B from newly acquired MIT (Japanese IT distribution) more than offsets 1H11 integration costs,” Brean Murray, Carret & Co. writes. Synnex Corp. currently trades at $35.53.