09:05 AM EDT, 03/28/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We cut our 12-month target to $132 from $147 based on 9x our FY 26 (Nov.) EPS view, above its three-year historical average of 8.8x. We cut our FY 25 EPS view to $12.67 from $12.96 and keep FY 26's at $14.66. This adjustment primarily reflects the near-term margin pressures and cash flow impacts from Hyve segment challenges, which we view as temporary rather than structural. Despite these headwinds, we maintain our Buy rating based on SNX's strong positioning in growing technology segments (cloud, cybersecurity, AI), geographic diversification benefits, and expected tailwinds from the Windows refresh cycle and enterprise IT spending recovery through FY 26. Management's maintained guidance for mid-single-digit billings growth and $1.1 billion free cash flow in FY 25 supports our confidence in the company's fundamental outlook.