Barclays analyst Guy Hardwick initiated coverage of TE Connectivity (TEL) with an Overweight rating and $249 price target The company is benefiting from multiple tailwinds that are increasing connector content across diverse end markets, the analyst tells investors in a research note. The firm added that it believes strong AI-driven datacenter capital expenditure is driving a step-change in connector content, potentially doubling per-server content versus the company’s prior guidance.
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