Canaccord analyst Robert Young raised the firm’s price target on Celestica to $70 from $53 and keeps a Buy rating on the shares. The firm said they reported another strong quarter with Q2 results ahead of consensus on all metrics. In addition to a strong Q3 outlook, F2024 guidance was raised across the board.
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Read More on CLS:
- Celestica Soars with Strong Q2 Financials and Upbeat 2024 Forecast
- Celestica raises 2024 adjusted EPS view to $3.62 from $3.30, consensus $3.33
- Celestica sees Q3 adjusted EPS 86c-96c, consensus 82c
- Celestica reports Q2 adjusted EPS 91c, consensus 81c
- Celestica options imply 8.3% move in share price post-earnings