Raymond James Maintains Strong Buy on TD Synnex, Lowers Price Target to $120
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Adam Tindle has maintained a 'Strong Buy' rating on TD Synnex (NYSE:SNX), but lowered the price target from $125 to $120.
June 28, 2023 | 11:12 am
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TD Synnex's price target has been lowered from $125 to $120 by Raymond James, though the 'Strong Buy' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors. However, the maintenance of the 'Strong Buy' rating indicates that the analyst still sees significant upside potential in the stock. This could balance out any negative impact from the lowered price target.
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IMPORTANCE 80
RELEVANCE 100