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Fly News Breaks for October 7, 2015
VSH, TEL, ST
Oct 7, 2015 | 07:55 EDT
Citi analyst Jim Suva downgraded Sensata (ST) to Neutral saying weakness in China auto sales and the Volkswagen diesel issues create risk to the company's Q3 and Q4 results. Sensata has 60%-65% exposure to autos with a heavy weight on diesel vehicles, Suva tells investors in a research note. He cut his price target for shares to $47 from $65. Suva also sees risk to the results from TE Connectivity (TEL) and Vishay (VSH).
News For ST;TEL;VSH From the Last 2 Days
TEL
Apr 25, 2024 | 09:26 EDT
BofA raised the firm's price target on TE Connectivity to $161 from $155 and keeps a Buy rating on the shares. Fiscal Q2 results showed quarter-over-quarter order growth in all segments and the firm is expecting steady margins for the rest of FY24, the analyst tells investors in a post-earnings note.
TEL
Apr 25, 2024 | 06:39 EDT
TEL
Apr 24, 2024 | 08:50 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here
TEL
Apr 24, 2024 | 06:49 EDT
Sees Q3 revenue $4B, consensus $4.11B. The company said, "For the third quarter of fiscal 2024, the company expects net sales of approximately $4.0 billion. GAAP EPS from continuing operations are expected to be approximately $1.71, up 2% year over year, with adjusted EPS of approximately $1.85, up 5% year over year. Third quarter guidance includes a $0.15 year-over-year headwind from tax and currency exchange rates."
