Littelfuse downgraded to Neutral from Outperform at Baird

Baird downgraded Littelfuse (LFUS) to Neutral from Outperform with a price target of $182, down from $225. The firm reverted to a more cautious stance in the vehicle technology and mobility sector. The Q1 auto supplier results should be around expectations, but risk/reward “appears upside down,” the analyst tells investors in a research note. Baird expects guidance updates to be more challenging due to likely disruption amid initial auto tariff implementation.