Littelfuse price target raised to $430 from $380 at Oppenheimer

Oppenheimer analyst Christopher Glynn raised the firm’s price target on Littelfuse (LFUS) to $430 from $380 and keeps an Outperform rating on the shares. The firm expects another year of continued momentum for Littelfuse, within a fertile mix of secular and cyclical drivers. Oppenheimer’s price target raise reflects orders trends, business model enhancements supporting design wins, subsector peer multiples, and its views around prospects for extended long-term growth and earnings power expansion.