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Wells Fargo Sticks to Their Hold Rating for TE Connectivity (TEL)

Tipranks - Tipranks - Fri Jun 26, 7:00AM CDT

Wells Fargo analyst Colin Langan maintained a Hold rating on TE Connectivity today and set a price target of $230.00.

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According to TipRanks, Langan is an analyst with an average return of -5.0% and a 47.25% success rate. Langan covers the Consumer Cyclical sector, focusing on stocks such as Visteon, Aptiv, and Ford Motor.

In addition to Wells Fargo, TE Connectivity also received a Hold from Evercore ISI’s Amit Daryanani in a report issued on June 21. However, on June 15, Barclays assigned a Buy rating to TE Connectivity (NYSE: TEL).

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Based on TE Connectivity’s latest earnings release for the quarter ending March 27, the company reported a quarterly revenue of $4.74 billion and a net profit of $855 million. In comparison, last year the company earned a revenue of $4.14 billion and had a net profit of $13 million

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