TE Connectivity Delivers Strong 3Q Results Behind Solid Transportation Revenue Growth
TE Connectivity’s third-quarter results came in modestly ahead of our expectations, as the firm continues to benefit from connected content growth in the transportation segment. The company showed strong performance across each of its product segments, and we continue to believe TE can deliver solid mid-single-digit growth as it benefits from several secular tailwinds in its end markets, though we are maintaining our no-moat rating. We have modestly raised our 2017 revenue expectations alongside...
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