Synnex Corp. (SNX)

[dinogreeves]

Synnex price target raised to $170 from $140 at Loop Capital
Loop Capital analyst Ananda Baruah raised the firm's price target on Synnex to $170 from $140 and keeps a Buy rating on the shares. The analyst is citing the company's Q3 earnings beat, with "solid business traction" seen "across the board". Baruah adds that Synnex is showing a "nice balance" across all businesses following a "very strong" performance in the prior quarter despite COVID, also adding that all work "at home" trends should continue to benefit the company.