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Evercore ISI Thinks TE Connectivity’s Stock is Going to Recover

In a report released yesterday, Amit Daryanani from Evercore ISI maintained a Buy rating on TE Connectivity (TELResearch Report), with a price target of $170.00. The company’s shares closed last Thursday at $130.98, close to its 52-week low of $125.48.

According to TipRanks.com, Daryanani is a 5-star analyst with an average return of 12.8% and a 62.1% success rate. Daryanani covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Rackspace Technology.

Currently, the analyst consensus on TE Connectivity is a Strong Buy with an average price target of $171.33, a 29.1% upside from current levels. In a report issued on March 16, Robert W. Baird also maintained a Buy rating on the stock with a $149.00 price target.

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The company has a one-year high of $166.44 and a one-year low of $125.48. Currently, TE Connectivity has an average volume of 1.89M.

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Switzerland-based TE Connectivity Ltd. designs, manufactures and sells connectivity and sensor solutions. The company, which was founded in 2000, operates through the following segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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