Littelfuse price target raised to $260 from $250 at TD Cowen

TD Cowen raised the firm’s price target on Littelfuse to $260 from $250 and keeps a Hold rating on the shares. The firm said the company’s cautious 2H24 outlook doesn’t come as a surprise midway through 2Q earnings season. Inventory is getting back to normalized levels and resilient/growing OpMs should allow the model to inflect meaningfully.