TD Synnex price target raised to $120 from $110 at Stifel

Stifel analyst Matthew Sheerin raised the firm’s price target on TD Synnex to $120 from $110 and keeps a Buy rating on the shares ahead of the company reporting fiscal Q3 results on September 26. Despite what Stifel expects to be another relatively muted quarter for IT demand, the firm expects results to be “largely in line with our and Street’s expectations” and thinks an in-line print and signs of more stable demand “should come as a relief to investors,” the analyst tells investors.