Baird analyst Luke Junk lowered the firm’s price target on TE Connectivity to $158 from $159 and keeps an Outperform rating on the shares. The firm said they posted a mixed quarter but management provided a more bullish/specific AI outlook, and forward-looking signs of life in industrial equipment are preliminarily encouraging.
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Read More on TEL:
- Te Connectivity Ltd Announces Upcoming Conference Call & Webcast
- TE Connectivity announces second quarter results for fiscal year 2024
- TE Connectivity Ltd. (TEL) Q2 Earnings Cheat Sheet
- TE Connectivity price target raised to $170 from $169 at JPMorgan
- TE Connectivity initiated with a Buy at Jefferies
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