BUZZ-Barclays starts Celestica coverage with 'overweight' rating

Reuters11-06

** Electronics manufacturing services company Celestica's

shares up 4.8% to $75.82

** Barclays initiates CLS coverage with "overweight" rating

** Brokerage says the company is uniquely positioned to enable hyperscale data centers that provide cloud computing and data solutions and meet the growing demands of artificial intelligence and machine learning

** Adds Alphabet's Google and Meta Platforms

are CLS top two customers

** Brokerage sets PT at $91, a ~25.8% upside on stock's last close

** 10 of 11 brokerages rate the stock "buy" or higher, 1 "hold"; their median PT is $71.5 — LSEG compiled data

** Including session's moves, stock up ~158.8% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment