Money
Connectivity (TEL) Receives a Buy from Barclays
— Ai Summary —
Barclays analyst Guy Hardwick maintained a Buy rating on TE Connectivity on June 12 and set a price target of $300. The stock closed Friday at $210.38. TipRanks notes Hardwick is a 4-star analyst with an average return of 7.1% and a 57.50% success rate. TE Connectivity reported quarterly revenue of $4.74 billion and net profit of $855 million for the quarter ended March 27. Last year, TE earned $4.14 billion in revenue and $13 million in net profit. The stock carries a Moderate Buy consensus with a $263.36 price-target average, underpinning upside potential as the company forecasts continued demand growth.
AI-generated summary • Source: Markets Insider • Read the full article for complete information.
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