TD Cowen raised the firm’s price target on Celestica (CLS) to $70 from $68 and keeps a Buy rating on the shares. The firm notes Celestica reported a solid beat/raise, with 2025 guidance well ahead of consensus and close to its prior Street-high $4.47 EPS. TD Cowen believes the results, guidance, and investor highlights support its thesis that Celestica will be a major beneficiary of increased investments in data center communications equipment. With additional growth opportunities, the firm thinks the guidance could be conservative.
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Read More on CLS:
- Celestica price target raised to $75 from $65 at RBC Capital
- Celestica reports Q3 EPS $1.04 vs. 65c last year
- Celestica sees Q4 EPS 99c-$1.09, consensus 95c
- Celestica raises FY24 EPS view to $3.85 from $3.62, consensus $3.65
- Celestica sees FY25 EPS $4.42, consensus $4.07
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