TE Connectivity Delivers Solid Second-Quarter Results; Maintaining $89 Fair Value Estimate
TE Connectivity’s second-quarter results exceeded management’s prior guidance for top-line growth and EPS, with management increasing the full-year outlook for both. Despite continued weakness of the firm’s SubCom products, TE Connectivity reported double-digit growth for most of its end markets. The transportation and industrials segments remain the key drivers for our long-term mid-single-digit revenue growth forecast, and we are further encouraged by the strong growth from communication produ...
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