The Globe and Mail reports in its Thursday, Jan. 29, edition that BofA Securities analyst Ruplu Bhattacharya began coverage on Celestica with a "buy" recommendation and a $400 share target (all figures U.S.). The Globe's David Leeder writes that analysts on average target the shares at $370.75. Mr. Bhattacharya says in a note: "Over the past four to five years, Celestica has pivoted from pure electronics manufacturing services (EMS) toward hardware platform solutions (HPS) -- an original and joint manufacturing model that allows it to be more involved in designing systems, vs. just building to a blueprint. This has enabled Celestica to showcase its engineering and design prowess and deliver higher margins vs. EMS peers (approximately 200 basis points). Celestica invests in R&D more than those peers, which helped drive more HPS revenues. It is now investing in its 3.2T networking roadmap, and its latest 800G and 1.6T switch designs support LPO for optimized power efficiency, and we expect future generations will support CPO as well. ... 2027 poised to be the 'Year of the Digital Native.' ... We think Celestica will benefit from the OpenAI-Broadcom plan to deploy 10 gigawatts of OpenAI-designed AI accelerators."