Goldman Sachs analyst Mark Delaney lowered the firm’s price target on TE Connectivity (TEL) to $270 from $306 and keeps a Buy rating on the shares. Auto OEMs and suppliers are expected to deliver in-line to softer results this quarter due to rising input costs and weak Q1 auto sales in China, the analyst tells investors in a research note. In contrast, industrial tech companies should report solid performance and guidance, supported by improving industrial trends and strong data center demand, the firm says.
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