Market Overview

UPDATE: Citigroup Raises PT on Celestica Following 2Q'13 Sales/EPS Report

Share:
Related CLS
12 Biggest Mid-Day Gainers For Friday
Benzinga's Top Upgrades

In a report published Monday, Citigroup analyst Jim Suva reiterated a Sell rating on Celestica (NYSE: CLS), and raised the price target from $6.75 to $9.00.

In the report, Citigroup noted, “CLS reported 2Q'13 sales/EPS of $1.50B/$0.21 above street expectations of $1.43B/$0.17 and above guidance in the range $1.375-$1.475B/$0.13-$0.19. For 3Q'13 outlook mgmt is guiding for sales/EPS in the range of $$1.425-$1.525B/$0.17-$0.23 bracketing consensus expectations of $1.5B/$0.20. Mgmt also announced intent to repurchase up to 10% of shares outstanding over the next year.”

Celestica closed on Friday at $10.21.

Latest Ratings for CLS

DateFirmActionFromTo
Jul 2016Canaccord GenuityUpgradesHoldBuy
Mar 2016SunTrust Robinson HumphreyInitiates Coverage on
Feb 2016TD SecuritiesInitiates Coverage onHold

View More Analyst Ratings for CLS
View the Latest Analyst Ratings

Posted-In: Citigroup Jim SuvaAnalyst Color Price Target Analyst Ratings

 

Related Articles (CLS)

View Comments and Join the Discussion!