Celestica price target raised to $150 from $140 at Stifel

Stifel raised the firm’s price target on Celestica (CLS) to $150 from $140 and keeps a Buy rating on the shares after having hosted investor meetings with Celestica’s CFO Mandeep Chawla. Celestica continues to execute well across its CCS business by not only being early to the development of next-generation switches but by also adding capacity in key geographies, says the firm in relaying its “positive” takeaways following the meetings.