TE Connectivity (TEL) PT Lowered to $167 at Baird

Baird analyst David Leiker lowered the price target on TE Connectivity (NYSE: TEL) to $167.00 (from $170.00) while maintaining a Outperform rating.

The analyst commented: "We see Transportation Solutions outgrowth/margin improvement sustaining into 4QF24, Industrial Equipment trends are likely to remain negative for now, and Communications Solutions AI tailwinds should be strong q/q – all driving likely in-line/better EPS, but with modest push-out of F2025E industrial improvement (potential 1QF25 guidance impact)."

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