Sensor maker TE Connectivity beats profit estimates, forecasts robust Q2 earnings
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Evercore ISI on TE Connectivity (TEL), 'Removing from Tactical OP List'
January 24, 2024 4:04 PM ESTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $160.00 price target on TE Connectivity (NYSE: TEL)
The analyst comments "We are removing TEL from our Tactical Outperform list following strong Dec-qtr earnings with the stock up 7%. TEL reported Dec qtr results that were ahead of street expectations on EPS despite in-line revenues with a print of $3.83B/$1.84 (vs. street at $3.87B/$1.71), with upside on margins in the Transportation... More
