Credit Suisse analyst Guy Hardwick initiated coverage of TE Connectivity with a Neutral rating and $123 price target. Content per vehicle growth should continue to be a primary driver to mid-single digit revenue growth as EVs make "rapid gains," said Hardwick, who believes TE revenues can grow in a flat global auto production environment.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on TEL:
- TE Connectivity’s board approves recommendation to raise annualized dividend to $2.36 per share
- TE Connectivity increases quarterly dividend to 59c per share
- TE Connectivity downgraded to Perform from Outperform at Oppenheimer
- Goldman Sachs: Buy these 3 stocks — including two with over 60% upside
- TE Connectivity announces fourth quarter and full year results for fiscal year 2022
