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Fly News Breaks for January 14, 2020
TEL
Jan 14, 2020 | 08:45 EDT
Wells Fargo analyst Deepa Raghavan upgraded TE Connectivity to Overweight from Equal Weight with a price target of $112, up from $100. The company should return to "beat and raise/upward earnings momentum" driven by "broad based" stabilization encompassing autos, industrial, semis and China PMIs, Raghavan tells investors in a research note. Further, the analyst believes risks to Europe and North America auto outlooks are "largely well recognized, even if only partially reflected in stock."
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."
