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Fly News Breaks for January 30, 2020
Jan 30, 2020 | 09:09 EDT
SunTrust analyst William Stein raised his price target on TE Connectivity to $102 after its Q1 earnings beat and in-line Q2 guidance, saying the company's "stable" outlook also marked its first in eight quarters. The analyst adds that the guidance may even be "conservative" unless coronavirus changes the demand trajectory, though he keeps his Hold rating on the shares due to valuation.
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