TE Connectivity price target raised to $286 from $270 at Goldman Sachs

Goldman Sachs raised the firm’s price target on TE Connectivity (TEL) to $286 from $270 and keeps a Buy rating on the shares. The company’s Q2 earnings beat also marked another quarter of record orders, and a pullback in the stock price is likely a buying opportunity, the analyst tells investors in a research note. TE’s margins have remained solid, despite rising input costs for the industry in some areas, the firm added.