HSBC upgraded TE Connectivity (TEL) to Buy from Hold with a price target of $175, up from $166. The company’s fiscal Q2 results came in ahead of estimates, the analyst tells investors in a research note. The firm cites valuation and TE’s improving growth for the upgrade. HSBC believes the company has Improving artificial intelligence exposure and limited tariff risk.
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Read More on TEL:
- TE Connectivity Reports Strong Q2 Performance and Positive Outlook
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- TE Connectivity reports Q2 adjusted EPS $2.10, consensus $1.96
- TE Connectivity sees Q3 adjusted EPS $2.06, consensus $2.03