Stifel raised the firm’s price target on Celestica (CLS) to $385 from $230 and keeps a Buy rating on the shares after the company reported “strong” Q3 results, raised its FY25 revenue and EPS outlook and initiated a FY26 forecast. Leverage is improving modestly and the firm expects more to come, longer-term, says the analyst, who argues that Celestica remains “a top pick to capitalize on the AI infrastructure build-out.”
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