Citi Opens Downside Catalyst Watch on TE Connectivity (TEL)
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Price: $197.44 -1.99%
Rating Summary:
17 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 2
Rating Summary:
17 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 2
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Citi Opens Downside Catalyst Watch on TE Connectivity (NYSE: TEL)
The analyst comments "We are opening a 90 day downside catalyst watch on TEL based on mixed auto datapoints over the past couple of weeks. Since our initiation on the Connector Space, YTD datapoints on inventory build in the auto market (MCHP, AEHR, MBLY) suggest potential for further estimate cuts to the auto supply chain. Accordingly, we are opening a negative catalyst watch on TE Connectivity (40% auto exposure)."
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