Brean Murray Carret & Co. Reiterates Buy Rating on Synnex Corp. (SNX)

Brean Murray Carret & Co. is out with a research report this morning, where it reiterates its Buy rating on Synnex Corp.

. The BMC analysts cited the company's recent earnings results, which were slightly above estimates. Despite the Japanese earthquake impact, Synnex continues to expect MIT to generate ~$1.1 billion run rate business in CY11 and be accretive for 2011. The analysts noted that they find it encouraging that management saw a quick recovery in its Japanese sales pipeline, and that its bookings and supply chain impact remains minimal so far. The analysts remarked, “We remain hopeful that GRS is nearing a turning point and that the heavy investments made to date will start to pay dividends.”