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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.
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