HSBC Downgrades TE Connectivity to Reduce, Announces $137 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Stephen Bersey has downgraded TE Connectivity from Hold to Reduce, setting a price target of $137.
October 31, 2024 | 6:37 pm
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NEGATIVE IMPACT
HSBC has downgraded TE Connectivity from Hold to Reduce, with a new price target of $137, indicating a bearish outlook.
The downgrade from Hold to Reduce by HSBC suggests a negative outlook on TE Connectivity's stock performance. The price target of $137 is likely below the current market price, indicating potential downside. Such analyst actions can lead to short-term selling pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100