JPMorgan analyst Samik Chatterjee raised the firm’s price target on TE Connectivity (TEL) to $186 from $148 and keeps a Neutral rating on the shares. The firm adjusted price targets in hardware and networking, saying it expects upside to second half of 2025 estimates from “robust” cloud spending. However, underlying end market drivers for other customer verticals “remain a watchpoint” as they exhibit more sensitivity to the macro environment, the analyst tells investors in a research note.
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Read More on TEL:
- TE Connectivity upgraded to Buy from Neutral at Citi
- TE Connectivity price target raised to $200 from $184 at Goldman Sachs
- TE Connectivity price target raised to $190 from $168 at BofA
- TE Connectivity: Strong Financial Performance and Growth Prospects Drive Buy Rating
- TE Connectivity price target raised to $185 from $163 at UBS