The Globe and Mail reports in its Tuesday, Oct. 17, edition that CIBC World Markets analyst Todd Coupland has reaffirmed his "outperformer" recommendation for Celestica. The Globe's David Leeder writes in the Eye On Equities column that Mr. Coupland gave his share target an $8 boost to $33 (all figures U.S.). Analysts on average target the shares at $27. The Globe says Mr. Coupland upgraded his share target after previewing Celestica's Oct. 25 quarterly results. Mr. Coupland says in a note: "Its revenue and earnings-per-share growth is accelerating from a broadening set of drivers. These provide increased confidence in our conservative forecast for 2023 and have prompted us to raise our 2024 forecast for adjusted EPS to $2.75 (prior $2.50) on higher revenue growth of 10 per cent (vs. 5 per cent prior). Trends are strong for Celestica's business, particularly due to accelerating demand related to generative AI (GEN AI) within its enterprise business (26 per cent of revenue) from hyperscalers like Google, Meta and Amazon. Order visibility is through the first half of 2024. Hyperscaler GEN AI plans for the second half of 2024 to serve as a catalyst with some plan updates expected by year-end."