TE Connectivity price target raised to $153 from $148 at Truist

Truist raised the firm’s price target on TE Connectivity to $153 from $148 and keeps a Hold rating on the shares. The company delivered a mixed set of Q4 results and Q1 outlook, missing revenue slightly but delivering solid margin and earnings upside that the management said would persist through the year, the analyst tells investors in a research note. In addition to the restructuring benefits, management cited autos units outperforming, the firm added.