JPMorgan raised the firm’s price target on TE Connectivity to $170 from $169 and keeps a Neutral rating on the shares. The analyst also placed the stock on “Positive Catalyst Watch” ahead of the earnings report. The firm raised estimates for TE Connectivity on expectations of a much stronger margin delivery for the company on largely resilient revenue drivers across its broad end-markets, and in particular automotive. The analyst sees upside to consensus 2024 earnings estimates.
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- TE Connectivity initiated with a Buy at Jefferies
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