Movement Alert｜TE Connectivity Intraday Rise 3.08% in Regular Trading, analysts recently lifted price targets

Market Focus10-28 02:27

On October 28, TE Connectivity rose 3.08% in Regular Trading, trading at $220.47 per share, with turnover of $308 million.

A clear catalyst was continued analyst optimism: recent target-price increases to $253 with a Buy rating and to $250 with an Outperform rating both remained above the current share price, reinforcing positive sentiment ahead of the company’s next earnings release on October 28.

The supportive backdrop includes strong prior-quarter execution. TE Connectivity previously reported fiscal third-quarter net sales of $5.16 billion, up 14% year over year and above consensus, while adjusted EPS of $2.94 also beat expectations. The company guided fiscal fourth-quarter adjusted EPS to about $3.05, above the $2.97 consensus at the time, which strengthened expectations for demand in its connector and sensor businesses.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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