Jefferies assumes coverage on TE Connectivity, cites strong AI demand

TE Connectivity

31/03/2026 12:43

** Jefferies assumes coverage on electric components maker TE Connectivity TEL.N with "buy" rating, cuts price target to $250 from $280

** New PT shows an upside of 25.9% from the stock's last close

** Brokerage says strong AI and data center demand supports momentum, making co's AI sales targets increasingly achievable

     ** Adds transportation exposure remains a near-term drag on co's growth and valuation

** 16 of 22 brokerages rate the stock "buy" or higher, 6 "hold"; their median PT is $274.50- data compiled by LSEG

** As of last close, stock had fallen 12.7% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))