TE Connectivity Closes 2017 with Strong Performance; Raising FVE to $85 Per Share
TE Connectivity closed out fiscal 2017 on a high note, as fourth-quarter results came in ahead of our expectations. The firm continues to see outsize growth in its Transportation segment, and TE was able to grow its top line despite a tough comparable period in its industrial solutions business. We continue to believe the transportation and industrial segments will be the firm’s primary top-line growth drivers moving forward behind greater automation and connected content volume in each segment....
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