TD Synnex price target lowered to $115 from $120 at BofA

BofA lowered the firm’s price target on TD Synnex to $115 from $120 and keeps a Buy rating on the shares. The company reported fiscal Q2 revenue and gross billings at the low end of guidance as it saw continued weakness in Endpoint solutions that offset strength in the Advanced Solutions and High Growth segments. The firm has lowered its F23 revenue and EPS estimates after the Q2 miss and fiscal Q3 revenue and EPS being guided below the Street view.