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Fly News Breaks for January 25, 2018
TEL
Jan 25, 2018 | 09:37 EDT
SunTrust analyst William Stein raised his price target on TE Connectivity to $102 after a Q4 earnings beat. Stein cites a higher organic growth rate of 8% without the benefits of the U.S. tax reform in the quarter and is also positive on the company's execution, but says the valuation keeps his rating on Hold. The analyst also notes that subsea comms delay dragged down Q4 results, but the segment will rebound as programs come into force this year.
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