KeyBanc Capital Markets Initiates Thomas & Betts Coverage: Hold (TNB)

KeyBanc Capital Markets initiated coverage on Thomas & Betts TNB with a Hold rating in a research report published today. In the report, KeyBanc Capital Markets states, "Overall, we believe the recent strong performance of the shares combined with the absence, in our view, of a material EPS catalyst compels us to initiate with a HOLD rating at this time." Shares of Thomas & Betts were trading at $61.78 at the time of posting, up 2.28% from Monday's market close.