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)