Vanessa Jeffriess, an analyst from Jefferies, maintained the Hold rating on TT Electronics. The associated price target was raised to p95.00.
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Vanessa Jeffriess’s rating is based on a combination of factors that reflect TT Electronics’ current financial performance and future prospects. The company’s recent results were largely in line with expectations, with a positive surprise in cash conversion, which suggests efficient management of cash flow. The guidance for FY25 aligns with market consensus, and the FY26 outlook appears achievable, providing a sense of stability and predictability.
Despite strong momentum in the Aerospace and Defense sector, the company faces challenges in North America and order delays in Asia due to tariffs. The new management team has made significant progress, which is encouraging, but the mixed regional performance and ongoing challenges suggest a cautious approach. Therefore, the Hold rating reflects a balanced view of the company’s potential for improvement against the backdrop of existing challenges.
In another report released on September 16, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a p108.00 price target.