Evercore Says Dell Technologies (DELL) to Benefit from TD SYNNEX Corp (SNX) Positive PC Commentary
Evercore Says Dell Technologies (NYSE: DELL) to Benefit from TD SYNNEX Corp. (NYSE: SNX)
Positive PC Commentary.
The analyst comments "We believe the positive momentum SNX saw in its core IT distribution business is a positive for peer INGM and wholesale partner CDW. Management said it is “cautiously optimistic” of the overall IT market, as the PC refresh continues to gain momentum and cloud demand remains solid. We also believe the positive PC commentary will bode well for OEMs DELL and HPQ, as SNX saw high single digit y/y PC revenue growth in the quarter (PC adj. gross billings grew +10%)."