CIBC raised the firm’s price target on Celestica (CLS) to $400 from $315 and keeps an Outperformer rating on the shares. Results and guidance that were “progressively stronger” from Q3 to Q4 to 2026 were “well supported” by the company’s investor and analyst day in New York, the analyst tells investors. The firm views guidance as still “conservative” given the improved visibility into Alphabet (GOOGL), Meta (META), Amazon (AMZN) and Open AI’s capex spending plans, the analyst added.
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