Market Overview

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

Share:
Related CLS
Celestica Announces Final Results of its $350M Substantial Issuer Bid
Celestica Expands Business Relationship with Honeywell Aerospace

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
Apr 2015CitigroupMaintainsSell
Oct 2014Standpoint ResearchInitiates Coverage onBuy
Jul 2014CitigroupMaintainsNeutral

View More Analyst Ratings for CLS
View the Latest Analyst Ratings

Posted-In: Paradigm CapitalAnalyst Color Price Target Analyst Ratings

 

Related Articles (CLS)

Get Benzinga's Newsletters