TE Connectivity price target lowered to $160 from $170 at BofA

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.