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TE Connectivity (TEL) Receives a Buy from Barclays

Tipranks - Tipranks - Mon Jun 15, 8:28PM CDT

Barclays analyst Guy Hardwick maintained a Buy rating on TE Connectivity on June 12 and set a price target of $300.00. The company’s shares closed last Friday at $210.38.

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According to TipRanks, Hardwick is a 4-star analyst with an average return of 7.1% and a 57.50% success rate. Hardwick covers the Technology sector, focusing on stocks such as Amphenol, Manhattan Associates, and Trimble.

TE Connectivity has an analyst consensus of Moderate Buy, with a price target consensus of $263.36.

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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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