20:43:46 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Celestica Inc
Symbol CLS
Shares Issued 118,952,174
Close 2024-01-25 C$ 42.73
Market Cap C$ 5,082,826,395
Recent Sedar Documents

Globe says Celestica seen continuing to outperform

2024-01-25 07:50 ET - In the News

The Globe and Mail reports in its Thursday, Jan. 25, edition that RBC Dominion Securities analysts Paul Treiber and Maxim Matushansky are expecting few surprises from fourth quarter 2023 earnings season in Canada's technology sector, predicting most companies in their coverage universe will report results that fall in line with the Street's expectations. The Globe's David Leeder writes that the RBC analysts have reaffirmed their "outperform" recommendation and $33 share target for Celestica (all figures U.S.). Analysts on average target the shares at $32.24. The RBC analysts say in a note: "Celestica the most likely to outperform out of the small cap companies. In our view, Celestica has the potential for continued outperformance in Q4 given recent positive customer and competitor commentary on AI-focused capex investments. While we believe there is downside risk in Celestica's ATS segment guidance, there is likely upside potential in the CCS segment in Q4 and throughout FY24." The Globe's guest columnist Gordon Pape said buy Celestica on Nov. 21. The shares were then going for $26.82. The Globe's Tim Shufelt said Celestica was worth consideration on Dec. 23 when it could be had for $29.82.

© 2024 Canjex Publishing Ltd. All rights reserved.