Growing Connectivity Keeps TE Going; Upgraded to Narrow Moat; Increasing FVE to $97
After taking a fresh look at interconnect and sensor manufacturer, TE Connectivity, we are upgrading the company to a narrow economic moat, maintaining the stable moat trend rating, and increasing our fair value estimate to $97 per share from $89. We note that the shares are currently trading at a slight discount.We foresee steady growth and profitability for TE Connectivity over the next decade, thanks to secular and technological trends driving increased connectivity, emissions, and efficienc...
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