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