Analyst Vanessa Jeffriess from Jefferies maintained a Hold rating on TT Electronics and keeping the price target at p95.00.
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Vanessa Jeffriess’s rating is based on the current financial outlook and market conditions surrounding TT Electronics. The company has reiterated its FY25 EBITA guidance, but achieving this target requires a substantial portion of EBITA to be realized in the last two months of the year, which introduces a significant level of risk. The current market dynamics, if they persist, suggest that EBITA could fall short of expectations, potentially impacting future financial performance.
Additionally, while trading in certain regions remains strong, the overall market recovery in key segments such as EMS and Components has not materialized as anticipated. The order book remains largely unchanged year-over-year, which does not indicate a robust recovery. Given these factors, the Hold rating reflects a cautious stance, acknowledging both the potential risks and the current market uncertainties.
According to TipRanks, Jeffriess is a 4-star analyst with an average return of 8.0% and a 62.11% success rate. Jeffriess covers the Consumer Cyclical sector, focusing on stocks such as Aumovio SE, AB Dynamics, and Dowlais Group PLC.
In another report released on November 21, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a p137.00 price target.