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News Breaks | | | | April 24, 2012 | | 14:00 EDT |  | CLS, RIMM | Celestica sales growth to be challenging this year, says Deutsche Bank
Deutsche Bank attributes Celestica's (CLS) lower Q2 guidance to weakness in the Consumer segment, where it points out Research in Motion (RIMM) is a top customer. The firm thinks uncertainty at RIM creates an overhang for Celestica and expects the company's sales growth to be more challenging this year. Deutsche lowered its price target for Celestica shares to $9 from $10 and keeps a Hold rating on the name. | |
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