BMO Capital raised the firm’s price target on Celestica (CLS) to $370 from $300 and keeps an Outperform rating on the shares after its Q3 earnings beat. The company is seeing stronger-than-expected demand from its three large hyperscaler customers heading into FY26, with a growing pipeline of additional opportunities driven by a combination of strong end-market demand, its competitive differentiation and favorable technical trends that play to its strengths, the analyst tells investors in a research note.
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