RBC Capital Markets raised its price target on Celestica Inc. (CLS.TO, CLS) to US$115 from US$75 on Wednesday.
Analyst Paul Treiber maintained an Outperform rating on shares of the electronics manufacturing services company.
"We believe that Celestica's shares are poised for another strong year, given our view that Celestica is likely to see upside to consensus estimates and the upwards valuation re-rating in the shares is likely to continue," Treiber said in a note to clients.
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