TD Synnex price target lowered to $103 from $109 at Barclays

Barclays analyst Tim Long lowered the firm’s price target on TD Synnex to $103 from $109 and keeps an Equal Weight rating on the shares. The company’s fiscal Q1 results were mixed with better earnings and margins offsetting weaker revenue. The Q2 guidance was below expectations on macro pressure, while the second half of the year remains uncertain on limited visibility, says the firm.