JPMorgan analyst Samik Chatterjee lowered the firm’s price target on TE Connectivity to $130 from $135 and keeps a Neutral rating on the shares. His 2023 networking and hardware outlook includes a shorter term six-month view on stock recommendations. Chatterjee prefers the combination of revenue/earnings resilience, backlog led visibility into revenues, and diversification of growth drivers within his coverage universe. This leads him to recommend Juniper (JNPR) and Amphenol (APH) as top picks and Analyst Focus List recommendations, and Keysight (KEYS), Arista (ANET), CDW (CDW), and Fabrinet (FN) as other stock recommendations for the first half of 2023.
Published first on TheFly
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- TE Connectivity initiated with a Neutral at Credit Suisse
- 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
