We are reducing our rating on the shares of Aptiv (APTV; $47.72) from Outperform to Equal-Weight, which admittedly is a “horse has left the barn” call after the company’s moderately disappointing Q2 results and guidance…
We are reducing our rating on the shares of Versigent (VGNT; $45.78) from Outperform to Equal-Weight given the stock’s recent outperformance and since management is approaching its H2 outlook from a somewhat more conservative stance…
We are reducing our target from $400 to $325 on the shares of Vertiv (VRT; $263.05; O/P) after the company’s Q2 results last week disappointed the Street on an unusual sales miss that we think…
We are raising our F2026/F2027E (Sept) EPS from $8.05/$9.50 to $8.70/$10.30 on Plexus (PLXS; $260.77; E/W) after the company posted a healthy FQ3 (Jun) “beat and raise” last week where management also signaled confidence in…
We are bumping up our 2026/2027E EPS from $3.65/$4.00 to $3.75/$4.10 for Sensata Technologies (ST; $46.29; E/W) after the company produced some Q2 EPS upside with Q3E guidance that basically jibed with our and Street…
We reiterate our Outperform and bump up our target from $190 to $200 on the shares of Amphenol (APH; $160.70) as we raise 2026/2027E EPS from $4.75/$5.25 to $5.35/$6.40, for average estimated EPS growth of…
We are bumping up our 2026E EPS for Corning (GLW; $138.25; E/W) from $3.20 to $3.30 (+30% YoY) while maintaining 2027E EPS at $4.20 (+27%). As illustrated in the table below, our estimate changes come…
We reiterate our Outperform and raise our target from $130 to $155 on the shares of Belden (BDC; $124.05; O/P) as we increase 2026/2027E EPS from $7.85/$8.90 to $8.55/$9.65 (13% average annual growth) after its…
We reiterate our Outperform and raise our 2026/2027E EPS from $10.15/$14.55 to $11.35/$19.30 on the share of Celestica (CLS; $352.59) after yet another emphatic Q2 “beat and raise” earlier in the week that highlighted further…
The shares of Flex (FLEX; $111.91; O/P) are still down a remarkable 31% since the end of June, which is even after the company posted a solid FQ1 (Jun) “beat and raise” that comes on…
We are raising our 2026/2027E EPS from $2.80/$3.25 to $3.00/$3.45 on the shares of still oversold Benchmark Electronics (BHE; $79.42; O/P) after the company produced a healthy “beat and raise” that suggested significant and broad…
The shares of Sanmina (SANM; $172.43; O/P) plunged 17% yesterday on the heels of what we think was a highly encouraging FQ3 (Jun) “beat and raise”. In fact, the stock is now down 39% from…
We reiterate our Outperform on the shares of Flex (FLEX; $120.20) ahead of its FQ1 (Jun) results and guidance, scheduled for Wednesday (7/29 before market). Admittedly, Flex has proven especially conservative when it comes to…
Last night, Amkor Technology (AMKR; $65.33; E/W) announced a multi-year strategic partnership with NVIDIA (NVDA; $208.76; NR) that further supports the first phase of its much-discussed Arizona campus construction, which comes with a total “price…
We think news yesterday out of Advanced Micro Devices’ (AMD; $539.69; NR) Advancing AI 2026 Conference proves very bullish for the accelerated compute market prospects for Sanmina (SANM; $218.56; O/P), possibly as soon as Monday…