Celestica price target raised to $220 from $146 at Barclays

Barclays raised the firm’s price target on Celestica (CLS) to $220 from $146 and keeps an Overweight rating on the shares. The company reported upside to results and guidance despite a high bar into the earnings print, the analyst tells investors in a research note. The firm increased estimates, seeing continued success in artificial intelligence infrastructure for Celestica.