TD Synnex price target raised to $118 from $115 at Barrington

Barrington analyst Vincent Colicchio raised the firm’s price target on TD Synnex to $118 from $115 and keeps an Outperform rating on the shares after the company reported fiscal Q3 non-GAAP EPS that beat forecasts. While raising its price target on the shares, the firm notes it is reducing its FY23 and FY24 non-GAAP EPS forecasts due to weakening demand conditions in Europe.