Citigroup weighs in on Synnex's (SNX -14%) disappointing FQ1 result, downgrading the shares to...

|By:, SA News Editor

Citigroup weighs in on Synnex's (SNX -14%) disappointing FQ1 result, downgrading the shares to Neutral on the back of the weak FQ2 guidance. The firm, however, did raise its price target to $42 from $39.