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Barrington Gives a Buy Rating to TD SYNNEX Corporation (SNX)

In a report released today, Vincent Colicchio from Barrington assigned a Buy rating to TD SYNNEX Corporation (SNXResearch Report), with a price target of $106.00. The company’s shares closed last Friday at $85.61.

Colicchio covers the Services sector, focusing on stocks such as Barrett Business Services, Perficient, and WNS. According to TipRanks, Colicchio has an average return of 8.7% and a 51.67% success rate on recommended stocks.

Currently, the analyst consensus on TD SYNNEX Corporation is a Strong Buy with an average price target of $122.00.

See the top stocks recommended by analysts >>

SNX market cap is currently $8.21B and has a P/E ratio of 14.36.

Based on the recent corporate insider activity of 101 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

SYNNEX Corp. engages in the provision of distribution, logistics and integration services for the technology industry. It operates through the following segments: Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals, IT systems including data center server and storage solutions, system components, software, networking equipment, consumer electronics, and complementary products. The Concentrix segment offers a portfolio of strategic solutions and end-to-end business services to customers in industry vertical markets. The company was founded by Robert T. Huang in November 1980 and is headquartered in Fremont, CA.

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