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Fly News Breaks for October 22, 2019
TEL
Oct 22, 2019 | 07:45 EDT
JPMorgan analyst Samik Chatterjee initiated coverage of TE Connectivity with a Neutral rating and $102 price target. The analyst sees potential earnings and multiple risk in the event of a further deterioration of the macro environment. TE's sizeable revenue decline in the last downturn shows that its underlying markets are cyclical in nature, says Chatterjee.
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