BUZZ-J.P. Morgan initiates Celestica with 'overweight' rating

Electronics manufacturing services company Celestica's CLS.N shares up ~1.59% at $127.01 premarket

J.P. Morgan initiates CLS with "overweight" rating

Brokerage expects CLS to benefit from boost in AI infrastructure investment, as it will drive strong revenue growth for the company

JPM says CLS' R&D investments are bearing fruit with high revenue growth in the co's hardware platform solutions

Brokerage sets PT at $166, a ~32.8% upside on stock's last close

11 of 12 brokerages rate the stock "buy" or higher, 1 "hold"; their median PT is $140 - LSEG data

As of last close, stock up ~35.5% YTD