Baird analyst Luke Junk raised the firm’s price target on TE Connectivity (TEL) to $222 from $210 and keeps an Outperform rating on the shares. The firm adjusted price targets in the vehicle technology and mobility group to reflect a more stance on cyclical names. Baird is increasingly bullish on the group due to “less bad” auto trends, sector rotation potential, company leverage to interest rate cuts, and “undemanding” valuations.
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Read More on TEL:
- Positive Outlook for TE Connectivity Amidst Global Market Improvements and AI Growth
- TE Connectivity initiated with a Hold at KGI Securities
- TE Connectivity price target raised to $200 from $156 at Truist
- TE Connectivity price target raised to $210 from $185 at Baird
- TE Connectivity price target raised to $198 from $170 at Wells Fargo
