Baird raised the firm’s price target on TE Connectivity to $170 from $162 and keeps an Outperform rating on the shares. The firm said they reported better-than-expected 3QF24 update. Highlights this quarter included outgrowth that met target levels in Transportation Solutions plus segment margin upside, another increase in AI revenue expectations for F2025 and a commensurate ramp in CS margins, and still looming turn in Industrial Equipment trends.
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