Stifel analyst Matthew Sheerin reiterated a Buy rating on TD SYNNEX Corporation (NYSE: SNX), raising the price target to $120 from $110.
The company is scheduled to release its Q3 results on September 26, 2023, before the U.S. market opens.
While the analyst expects the quarter to be relatively muted, an in-line print and signs of more stable demand should relieve investors, notes Sheerin.
While the analyst believes SNX is still a couple of quarters away from returning to Y/Y growth, the numbers have been well scrubbed at this point (CY23/CY24 Consensus EPS estimates are down ...