RBC Capital Markets raised its price target on Celestica Inc. (CLS.TO, CLS) to US$140 from US$115.
Analyst Paul Treiber maintained an Outperform rating on shares of the Canadian manufacturing and supply chain solutions company.
"Celestica reported a solid beat and raise," Treiber said in a note to clients.
"More important than Q4 and FY25 guidance, in our view, is Celestica's disclosure that it won two new large programs. These wins improve visibility to Celestica seeing continued solid growth through 2026 and 2027," the analyst said.
"Moreover, the wins affirm Celestica's strong positioning, market share gains and shift to a higher quality business model (i.e. HPS/ODM)."
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.