Citi analyst Atif Malik initiated coverage of Celestica (CLS) with a Neutral rating and $172 price target The company is gaining market share in the growing data center switch market but the shares are fully valued after rallying 70% year-to-date, the analyst tells investors in a research note. The firm says Celestica trades at a premium valuation.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLS:
- Celestica price target raised to $170 from $115 at JPMorgan
- Celestica introduces latest enterprise campus switch ES1500
- Celestica Approves 2025 Incentive Plan at Shareholder Meeting
- Here’s Why Nvidia Caused BNP Paribas to Downgrade Arista Networks Stock (ANET)
- Uber initiated, Etsy downgraded: Wall Street’s top analyst calls