Celestica price target raised to $33 from $29 at TD Securities

TD Securities analyst Daniel Chan raised the firm’s price target on Celestica to $33 from $29 and keeps a Buy rating on the shares following the investor day. Management expects the recent generative artificial intelligence success and ongoing strength in its ATS business to continue for the next few years, the analyst tells investors in a research note. The firm says the company’s long-term outlook suggests continued momentum. It continue to believe all of Celestica’s segments are well positioned.