Loop Capital Maintains Buy on TD Synnex, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Ananda Baruah maintains a 'Buy' rating on TD Synnex (SNX) but lowers the price target from $150 to $120.

July 05, 2023 | 2:39 pm
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TD Synnex's price target has been lowered from $150 to $120 by Loop Capital, though the 'Buy' rating is maintained.
The lowering of the price target by Loop Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100