Citi Opens Downside Catalyst Watch on TE Connectivity (TEL)

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TE Connectivity (TEL) Added to Evercore Tactical Outperform List

January 19, 2024 6:00 AM EST

(Updated - January 19, 2024 6:42 AM EST)

TE Connectivity (NYSE: TEL) Added to Evercore Tactical Outperform List.

The analyst commented, "For Dec-qtr, we think TEL is positioned to report upside given strong auto production data points alongside AI ramps and f/x tailwinds, partially offset by Industrial destocking. We note that street models for FY24 are broadly conservative (+2%) and barring destocking in auto, TEL should be able to generate sizable upside. Key data points: 1) Automotive: TEL results should easily... More