TE Connectivity Reports Solid First-Quarter Results; Raising Our Fair Value Estimate to $71
For the first fiscal quarter of 2017, TE Connectivity reported revenue results that were slightly higher than our expectations while also providing a more optimistic profitability outlook for the full fiscal year. TE’s Transportation Solutions and Industrial Solutions operating segments were the primary drivers of the strong performance, with solid growth in the automotive end market, reaffirming our investment thesis. That said, we are raising our fair value estimate for TE Connectivity to $71 ...
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