Barrington raised the firm’s price target on TD Synnex to $138 from $122 and keeps an Outperform rating on the shares. The company’s fiscal Q1 non-GAAP earnings and adjusted EBITDA exceeded forecasts and demand should better in the second half of fiscal 2024, the analyst tells investors in a research note. The firm expects solid year-over-year revenue growth in the second half of fiscal 2024 on strengthening demand for PCs and advanced solutions.
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