Littelfuse upgraded to Buy from Hold at Benchmark

Benchmark upgraded Littelfuse (LFUS) to Buy from Hold with a $360 price target Following a “strong” Q4 report and upbeat outlook as the demand backdrop expands across the business, the firm notes that much of its prior concerns over visibility and persistent inventory burn are subsiding. Its bullishness is driven by a multi-year secular growth runway tied to electrification and higher-power density applications as well as an expanding content opportunity, the analyst tells investors.