Needham analyst David Williams initiated coverage of Littelfuse (LFUS) with a Buy rating and $450 price target The firm believes the company is entering a period of accelerating growth. There are early signs of a cyclical recovery and Littelfuse should see incremental earnings power from the recent Basler acquisition, the analyst tells investors in a research note. Needham believes the company’s bookings are accelerating, visibility is improving, and its margin trajectory is strengthening.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LFUS:
- Littelfuse Updates Executive Equity Awards, Confirms Board Slate
- Littelfuse appoints Anne-Marie D’Angelo as CLO, Corporate Secretary
- Littelfuse price target raised to $430 from $380 at Oppenheimer
- Littelfuse Expands Revolving Credit Facility to Boost Liquidity
- Baird places ‘Bullish Fresh Picks’ on Bel Fuse, Littelfuse