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Posted by
Two Blokes Jun 5 -
Filed in
Stock
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Initiating TE Connectivity with a 'Buy' rating and a fair value of $191, driven by strong positioning in industrial automation and robotics. TEL's growth is supported by consistent M&A activity, expanding its product portfolio and market reach, especially with the recent Schaffner and Richards acquisitions. I expect organic revenue growth of 4.5%, with additional upside from M&A, and see margin expansion from operational efficiencies and cost management.
