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Fly News Breaks for November 1, 2018
TEL
Nov 1, 2018 | 06:51 EDT
RBC Capital analyst Amit Daryanani lowered his price target on TE Connectivity to $96, saying that while the company's Q3 earnings topped consensus, investors may be concerned by its FY19 outlook that implies a 3% organic growth rate and a flat auto production growth. The analyst keeps his Outperform rating longer term and anticipates the first half of 2019 to mark a trough, adding that he is also positive on TE Connectivity's "attractive" valuation and "robust" free cash flows.
News For TEL From the Last 2 Days
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."
