Goldman Sachs Upgrades TE Connectivity (TEL) to Buy

December 5, 2011 7:22 AM EST
Get Alerts TEL Hot Sheet
Price: $69.68 -0.2%

Rating Summary:
    7 Buy, 3 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 33 | New: 34
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Goldman Sachs upgraded TE Connectivity (NYSE: TEL) from Neutral to Buy with a price target of $39.00.

The firm expect operating margin to inflect positively in the March quarter, up 60 basis points quarter-over-quarter and to expand 100 basis points year-over-year in CY12. Goldman notes "there is a strong correlation in TEL to changes in its margins."

For an analyst ratings summary and ratings history on TE Connectivity click here. For more ratings news on TE Connectivity click here.

Shares of TE Connectivity closed at $31.42 yesterday.

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