Littelfuse price target lowered to $260 from $270 at Baird

Baird analyst Luke Junk lowered the firm’s price target on Littelfuse to $260 from $270 and keeps a Neutral rating on the shares. The analyst said our proprietary passive component tracker suggests recent weak Electronics momentum has yet to break, as an 18% y/y decline in 4Q22 ebbed to a 20% y/y decline this quarter.