Littelfuse price target raised to $250 from $240 at Stifel

Stifel analyst Matthew Sheerin raised the firm’s price target on Littelfuse (LFUS) to $250 from $240 and keeps a Hold rating on the shares. The firm expects earnings results and guides from component and connector suppliers to reflect continued sub-seasonal order patterns as the multi-quarter inventory correction reaches its final stages, the analyst tells investors. In that context, the firm lowered estimates on component supplier Littelfuse and distributors Arrow (ARW) and Avnet (AVT), and remains “well-below Street” in its estimates for Vishay (VSH), as it expects all four companies to guide below-seasonal, the firm added in its component sector preview.