CIBC raised the firm’s price target on Celestica (CLS) to $315 from $245 and keeps an Outperformer rating on the shares ahead of the company hosting its Q3 earnings call and the 2025 investor and analyst day forum on October 28. The firm views Celestica’s Q3, 2025 and expected 2026 guidance as still “conservative” given the improved visibility into Google (GOOGL), Meta (META), Amazon (AMZN) and Open AI’s capex spending plans, the analyst tells investors.
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