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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."
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