Barrington raised the firm’s price target on TD Synnex to $122 from $118 and keeps an Outperform rating on the shares after the company reported fiscal Q4 earnings that beat forecasts, though revenue was 1% less than the firm’s forecast and the FactSet consensus forecast. The firm, which is expecting better demand and revenue performance in 2024, raised its FY24 non-GAAP EPS forecast to $11.70 from $11.47.
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Read More on SNX:
- TD Synnex increases quarterly dividend 14% to 40c per share
- TD Synnex sees Q1 EPS $2.60-$3.10, consensus $2.91
- TD Synnex reports Q4 EPS $3.13, consensus $2.68
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