BofA raised the firm’s price target on TD Synnex to $135 from $132 and keeps a Buy rating on the shares. The firm is adjusting estimates following the company’s fiscal Q3 report, noting that its FY24 revenue and EPS forecasts move to $57.9B and $11.65 from $57B and $11.68, respectively. Commentary during the Q3 earnings call was “bullish as management sees the IT market returning to growth,” the analyst added.
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