03:55 PM EDT, 04/24/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We trim our target by $28 to $260, 23.1x our FY 26 (Sep.) EPS estimate, a premium to its three-year historical average multiple at 19.2x, reflecting our positive long-term outlook. We raise our FY 26 EPS estimate by $0.27 to $11.24 and increase FY 27's by $0.57 to $12.60. TEL's investments and acquisitions, particularly in optical technology, are strengthening its future product roadmap and positioning it for continued growth in both copper and optical solutions. It expects continued strong performance in the third quarter, including both Y/Y and sequential growth, supported by resilient global manufacturing and supply chain strategies. TEL returned nearly 100% of its free cash flow to shareholders YTD, while also supporting investments for future growth, highlighting strong capital allocation and shareholder focus. It saw record orders in Q2, surpassing $5B, with growth in both segments and every business, and a book-to-bill ratio of 1.12, indicating ongoing demand.