BofA lowered the firm’s price target on TE Connectivity (TEL) to $160 from $170 and keeps a Buy rating on the shares. The firm, which adjusted its FY25 revenue and EPS estimates to $16.1B and $8.03 from $16.0B and $7.94, respectively, is applying a lower multiple to balance risk of tariff driven weaker end-market demand with improving foreign exchange rates, the analyst explains in a fiscal Q2 earnings preview.
Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TEL: