Littelfuse upgraded to Outperform from Neutral at Baird

Baird upgraded Littelfuse (LFUS) to Outperform from Neutral with a price target of $310, up from $290. The company is positioned to benefit from secular growth drivers and its efforts in artificial intelligence are “already bearing initial fruit,” the analyst tells investors in a research note. Baird believes Littelfuse has a runway for margin improvement while the stock’s valuation is below average.