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Synnex Corporation (NYSE:SNX) target price raised to $104.00, reported today by Stifel Nicolaus

Synnex Corporation (NYSE:SNX) had its target price raised to $104.00 by Stifel Nicolaus in a report released 9/27/2016. The new target price indicates a possible downside of -0.02% based on the company's last stock close price.

Previously on 09/09/2016, Zacks Investment Research reported about Synnex Corporation (NYSE:SNX) raised the target price from $0.00 to $117.00. At the time, this indicated a possible upside of 0.12%.

Yesterday Synnex Corporation (NYSE:SNX) traded -0.47% lower at $106.18. The company’s 50-day moving average is $104.80 and its 200-day moving average is $94.95. The last stock close price is up 11.83% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 282,246 shares of the stock were exchanged, up from an average trading volume of 221,952

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Synnex Corporation (NYSE:SNX)

Synnex Corporation has a 52 week low of $75.87 and a 52 week high of $108.31 with a P/E ratio of 21.03 The company’s market cap is currently $0.

In addition to Stifel Nicolaus reporting its target price, a total of 5 firms have reported on the stock. The consensus target price is $89.00 with 1 firm rating the stock a strong buy, 1 firm rating the stock a buy, 5 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Synnex Corporation (NYSE:SNX)

SYNNEX Corporation is a process services company. The Company offers a range of services to resellers, retailers, original equipment manufacturers (OEMs), financial and insurance institutions, and other industry verticals across the world. The Company operates in two segments: Technology Solutions and Concentrix. Its Technology Solutions segment distributes a range of information technology (IT) systems and products, and also provides systems design and integration solutions. Its Concentrix segment offers a portfolio of solutions and end-to-end business outsourcing services, which focuses on customer engagement strategy, process optimization, technology innovation, front and back-office automation and business transformation to clients in approximately 10 industry verticals. Its technology solutions segment also provides systems design and integration solutions. Its Technology solutions segment provides IT solutions in various vertical markets, such as government and healthcare.

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