Celestica Price Target Raised to US$330 at TD

MT Newswires Live01-30 21:03

TD Securities raised its price target on Celestica Inc. (CLS.TO, CLS) to US$330 from US$300 on Friday.

Analyst John Shao maintained a Hold rating on shares of the Canadian electronics manufacturer following its quarterly results on Wednesday.

The stock declined $63.23, or 13.5%, to $403.89 on the Toronto Stock Exchange Thursday.

"We believe Celestica was punished despite delivering a flawless quarter, highlighting its intricate tie-in with the broader AI trade, one that seems to weigh more on sentiment than fundamentals," Shao said in a note to clients.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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