Barclays analyst Tim Long has lowered the price target for TD Synnex to $125 from $148 while maintaining an Equalweight rating, citing uncertainties in IT spending recovery and component shipment delays affecting major clients like Meta Platforms. Despite a slight miss in Q2 2025 earnings, the company reported a 7.5% year-over-year increase in gross billings, with projections for EPS growth in the upcoming quarters. Analyst Adam Tindle from Raymond James also adjusted his price target to $125, highlighting confidence in cash flow improvements and upcoming discussions on long-term growth strategies.
ingram micro shares surge 17 percent after successful 409 million ipo
Ingram Micro Holding Corp. shares surged as much as 17% in their trading debut following a $409 million initial public offering. The Irvine, California-based technology company saw its stock rise to $25, up 14% from the $22 IPO price, after selling 11.6 million shares, while backer Platinum Equity sold 7 million shares priced between $20 and $23.
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