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Fly News Breaks for December 17, 2019
TEL
Dec 17, 2019 | 06:46 EDT
RBC Capital analyst Joseph Spak initiated coverage of TE Connectivity with an Outperform rating and $105 price target. The analyst points to the company's position as a leader in a large addressable market of about $190B with broad portfolio of connectors and sensors. Spak also likes TE Connectivity's potential organic growth inflection given the opportunities in areas that include electrification, autonomous vehicles, factory automation, next-gen aircrafts, and cloud computing.
News For TEL 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."
