Truist Securities Maintains Hold on TE Connectivity, Raises Price Target to $147
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst William Stein maintains a 'Hold' rating on TE Connectivity (NYSE:TEL) and raises the price target from $127 to $147.
July 27, 2023 | 7:28 pm
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NEUTRAL IMPACT
Truist Securities maintains a 'Hold' rating on TE Connectivity and raises the price target from $127 to $147, which could influence investor sentiment.
The 'Hold' rating suggests that Truist Securities believes TE Connectivity's stock is fairly valued at current levels. The increase in price target from $127 to $147 indicates an expectation of potential upside, which could positively influence investor sentiment and potentially impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100