TD upgrades Celestica to Buy on post-earnings selloff

TD Securities upgraded Celestica (CLS) to Buy from Hold with a price target of $430, up from $350. Yesterday’s post-earnings selloff provides an “opportunistic entry point,” the analyst tells investors in a research note. The firm says Celestica materially increased its fiscal 2026 guidance and has much better visibility for 2027. The company’s new revenue opportunities and program wins “have the potential to scale meaningfully,” contends TD.

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