Truist analyst William Stein lowered the firm’s price target on TE Connectivity (TEL) to $163 from $165 and keeps a Hold rating on the shares after its Q4 results. The company showed strong execution with good margins as its AI projects boosted performance, but the auto business dragged and adverse FX is now weighing on results, the analyst tells investors in a research note. Truist adds that within the connectors and even among the broader diversified semis and components, the firm continues to prefer Amphenol (APH).
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