01:03 PM EST, 02/05/2025 (MT Newswires) -- RBC has raised its one year target on Celestica ( CLS ) to US$160, from US$140, and kept its Outperform rating, after hosting Celestica ( CLS ) chief financial officer Mandeep Chawla for an investor lunch in Toronto.

The event reinforced Celestica's ( CLS ) strong new program momentum and product differentiation with hyperscalers, analyst John Shuter said.

"With potential upside to consensus estimates, expanding margins, and the increasing mix of higher quality revenue (i.e. HPS/ODM), we believe the valuation multiple on Celestica's ( CLS ) shares will continue to re-rate upwards."

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