TE Connectivity price target raised to $190 from $168 at BofA

BofA raised the firm’s price target on TE Connectivity (TEL) to $190 from $168 and keeps a Buy rating on the shares. BofA expects Q3 EPS and revenue to beat Street estimates and guidance, the analyst tells investors in a research note. TE Connectivity continues to deliver solid overall growth and profitability despite a weaker auto production backdrop and difficult macro, BofA says.