Jefferies assumes coverage on TE Connectivity, cites strong AI demand

ReutersMar 31, 2026 11:43 AM

Jefferies assumes coverage on electric components maker TE Connectivity TEL.N with "buy" rating, cuts price target to $250 from $280

New PT shows an upside of 25.9% from the stock's last close

Brokerage says strong AI and data center demand supports momentum, making co's AI sales targets increasingly achievable

Adds transportation exposure remains a near-term drag on co's growth and valuation

16 of 22 brokerages rate the stock "buy" or higher, 6 "hold"; their median PT is $274.50- data compiled by LSEG

As of last close, stock had fallen 12.7% YTD

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