B of A Securities Maintains Buy on TE Connectivity, Lowers Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Buy rating on TE Connectivity but lowered its price target from $173 to $165.
October 09, 2024 | 5:50 pm
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NEUTRAL IMPACT
B of A Securities has maintained a Buy rating on TE Connectivity, indicating continued confidence in the stock. However, the price target has been lowered from $173 to $165, suggesting a more conservative outlook on its potential upside.
The maintenance of a Buy rating suggests that the analyst still sees value in TE Connectivity, but the lowered price target indicates a tempered expectation for its short-term price appreciation. This mixed signal may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100