BofA analyst Wamsi Mohan raised the firm’s price target on TE Connectivity (TEL) to $260 from $220 and keeps a Buy rating on the shares. The firm, which expects a small beat in fiscal Q4 driven by AI and expect Q1 guidance in-line with the Street, is applying a higher multiple to its estimates due to a better revenue and margin outlook.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TEL:
- TE Connectivity: Strong Buy Rating Driven by AI and Automotive Growth Prospects
- TEL Upcoming Earnings Report: What to Expect?
- TE Connectivity price target raised to $238 from $222 at Baird
- Intel, FedEx downgraded: Wall Street’s top analyst calls
- TE Connectivity initiated with an Overweight at Barclays