Baird recommends Littlefuse shares as component tracker shows improvement

Baird tells investors in a research note that the firm’s passive component tracker shows sustained improvement in May, continuing the momentum seen in April. The firm, which made no change to its Outperform rating or $3 price target for Littlefuse shares, continues to recommend the stock based on the belief that estimates have finally bottomed and believes passive electronics normalization should bias guidance positively.