Evercore ISI downgraded TE Connectivity to In Line from Outperform and lowered its price target to $230 from $260, citing that the current valuation already reflects the company's long-term potential amid near-term uncertainty. The firm remains constructive on structural growth drivers from AI and energy but sees a less favorable 12-month risk/reward, noting that AI remains a small portion of overall revenue. TE Connectivity reported fiscal second-quarter 2026 net sales of $4.74 billion, up 7% organically and 15% on a reported basis year over year, with adjusted earnings per share reaching a record $2.73, a 24% increase.
TE Connectivity LtdEvercore ISI downgraded TE Connectivity to In Line and cut price target to $230 from $260, citing unfavorable risk/reward.