Evercore ISI Reiterates Outperform Rating on TE Connectivity (TEL)

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $175.00 price target on TE Connectivity (NYSE: TEL).

The analyst comments "We think a sale of TEL’s medical business would make strategic sense and allow the company to focus on core end markets that have content growth and secular tailwinds. We continue think TEL is an attractive mid/large cap stock that is levered to content tailwinds across automotive, industrial and tech markets. Sticking with our OP rating and $175 Target."

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 $150.87 yesterday.

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