CIBC raised the firm’s price target on Celestica (CLS) to $480 from $425 and keeps an Outperformer rating on the shares. Celestica reported an in-line Q1 as prior supply constraints eased and reiterated a strong 2026-2027 growth ramp supported by its key digital-native customer and broader hyperscaler demand, the analyst tells investors in a research note. CIBC views the selloff as a buy-the-dip setup.
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