Celestica Inc. (CLS.TO, CLS) was upgraded to Outperformer from Neutral at CIBC Capital Markets.
Analyst Todd Coupland raised his price target on shares of the Canadian manufacturing and supply chain solutions company to US$150 from US$68.
"Celestica's improved visibility is confirmed by better-than-expected Q4 results (revenue +1%, EPS +6% vs. FactSet), and a more robust 2025 outlook (+6%), Coupland said in a note to clients.
"The company expects demand and business momentum to remain strong through 2026," the analyst said.
"The revised price target takes into consideration an expanded networking peer set of Arista Networks, Accton, Cisco, and Pure Storage for the Communications unit."
(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)
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