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UPDATE: Paradigm Capital Reiterates Buy Rating, Raises PT on Celestica

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In a report published Wednesday, Paradigm Capital reiterated its Buy rating on Celestica (NYSE: CLS), and slightly raised its price target from $8.50 to $9.00.

Paradigm Capital noted, “We view Celestica as an affordable way to gain broad technology exposure given its industry-low valuation. Furthermore, we believe the company's increasing proportion of revenue from the diversified manufacturing vertical could help drive a multi-year margin expansion story.”

Celestica closed on Tuesday at $7.41.

Latest Ratings for CLS

DateFirmActionFromTo
Feb 2016TD SecuritiesInitiates Coverage onHold
Jan 2016Scotia Howard WeilUpgradesSector PerformSector Outperform
Jan 2016B. RileyMaintainsNeutral

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