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Fly News Breaks for July 17, 2018
TEL
Jul 17, 2018 | 08:29 EDT
Baird analyst David Leiker raised TE Connectivity to Fresh Pick ahead of Q3 earnings as he believes the company can surprise to the upside on several fronts. The analyst said he remains a buyer, citing the stock's relative underperformance, expectations for higher Transportation growth and better than expected margins, and the potential for a positive outlook following the report. Leiker reiterated his Outperform rating and raised his price target to $127 from $125 on TE Connectivity shares.
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