Celestica price target raised to $140 from $115 at RBC Capital

RBC Capital analyst Paul Treiber raised the firm’s price target on Celestica (CLS) to $140 from $115 and keeps an Outperform rating on the shares. The company reported a solid beat and raise, but more importantly, Celestica’s also disclosed that it won two new large programs as they improve visibility to Celestica seeing continued solid growth through 2026 and 2027, the analyst tells investors in a research note. The wins affirm Celestica’s strong positioning, market share gains and shift to a higher quality business model, RBC added.