14 AI News and Ratings Making Waves on Wall Street

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11. TD SYNNEX Corporation (NYSE:SNX)

Number of Hedge Fund Holders: 33

TD SYNNEX Corporation (NYSE:SNX) distributes IT products and provides solutions, including cloud services, logistics, financing, and marketing support for resellers and service providers.

On March 27, Barclays reduced its price target for TD Synnex from $148 to $125 while maintaining an Equal Weight rating. The firm pointed to weaker-than-expected fiscal Q1 results and Q2 guidance, mainly due to temporary demand declines in Hyve (the company’s hyperscale digital infrastructure subsidiary). Barclays believes TD Synnex’s near-term upside is limited by uncertainties in IT spending, trade policy, Hyve demand, and government budget cuts.

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