SYNNEX Corp. Lowered to “Hold” at Cross Research (SNX)
SYNNEX Corp. (NYSE:SNX) was downgraded by analysts at Cross Research to a “hold” rating in a research report issued to clients and investors on Friday, Analyst Ratings News reports.
A number of other analysts have also recently weighed in on SNX. Analysts at Zacks downgraded shares of SYNNEX Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 27th. They now have a $68.00 price target on the stock. Analysts at Ned Davis Research initiated coverage on shares of SYNNEX Corp. in a research note to investors on Monday, October 7th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. SYNNEX Corp. currently has an average rating of “Hold” and an average target price of $60.00.
Shares of SYNNEX Corp. (NYSE:SNX) opened at 66.22 on Friday. SYNNEX Corp. has a 1-year low of $32.04 and a 1-year high of $68.71. The stock has a 50-day moving average of $65.90 and a 200-day moving average of $56.33. The company has a market cap of $2.452 billion and a price-to-earnings ratio of 21.63.
Synnex Corporation provides services to resellers, retailers and original equipment manufacturers (NYSE:SNX), in multiple regions around the world.
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