Stock Track | Celestica Soars 6.35% Intraday on Analyst Upgrade and Technical Rebound

Stock Track04-30

Celestica's stock was soaring 6.35% during intraday trading on Thursday, marking a significant recovery.

The surge follows a major analyst upgrade, with Bofa Global Research raising its price objective for the company to $490 from $430, boosting investor confidence in the stock's future performance.

This upward movement also represents a continued technical rebound. The stock had experienced a sharp selloff earlier in the week after the company's first-quarter earnings report, which, despite beating expectations, fell short of the market's elevated hopes for its AI-related business segments.

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