Littelfuse price target raised to $500 from $430 at Oppenheimer

Oppenheimer raised the firm’s price target on Littelfuse (LFUS) to $500 from $430 and keeps an Outperform rating on the shares. The firm says that the company’s strong Q1 beat reflected solid sales upside at Electronics and Industrial and slight upside at Transportation, with all three segments delivering operating margin and operating profit upside. Data center certainly remains the highest growth trend overall, but areas like medical, factory automation, general industrial, A&D, and automotive electronics all showed improvement, adds Oppenheimer.