RBC Capital Thinks TE Connectivity’s Stock is Going to Recover

RBC Capital analyst Joseph Spak maintained a Buy rating on TE Connectivity (TELResearch Report) yesterday and set a price target of $153.00. The company’s shares closed last Tuesday at $127.53, close to its 52-week low of $125.48.

According to TipRanks.com, Spak ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -12.1% and a 44.2% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Magna International, Tenneco Automotive, and American Axle.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for TE Connectivity with a $169.00 average price target, representing a 29.1% upside. In a report issued on March 31, Evercore ISI also maintained a Buy rating on the stock with a $170.00 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 1.91M.

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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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