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TE Connectivity price target raised to $170 from $165 at BofA

BofA analyst Wamsi Mohan raised the firm’s price target on TE Connectivity to $170 from $165 and keeps a Buy rating on the shares ahead of the company reporting fiscal Q3 earnings pre-market on July 24. The firm models Q3 revenue and EPS slightly below consensus and expects management to guide Q4 revenue at $4.1B, which would be up 2.5% quarter-over-quarter and up 1.9% year-over-year, the analyst tells investors in a preview note.

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