Littelfuse price target raised to $99 from $94 at RW Baird Baird raised its price target on Littlefuse following its positive Q1 earnings announcement. The firm cited positive developments in electronics and automotive end markets, strong balance sheet, and favorable risk/reward. Shares are Outperform rated.
News For LFUS From The Last 14 Days
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On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Cedar Realty Trust (CDR) upgraded to Buy from Hold at KeyBanc... E.ON AG (EONGY) upgraded to Overweight from Neutral at JPMorgan... Genuine Parts (GPC) upgraded to Buy from Hold at BB&T... Inland Real Estate (IRC) upgraded at KeyBanc... Littelfuse (LFUS) upgraded to Outperform from Perform at Oppenheimer... Netflix (NFLX) upgraded to Equal Weight from Underweight at Barclays... Noranda Aluminum (NOR) upgraded to Buy from Neutral at Goldman... OCI Partners (OCIP) upgraded to Buy from Neutral at Citigroup... Ramco-Gershenson (RPT) upgraded at KeyBanc... Sprint (S) upgraded to Outperform from Market Perform at Cowen... T-Mobile (TMUS) upgraded to Buy from Hold at Argus... The Advisory Board (ABCO) upgraded to Outperform at Wells Fargo.
Littelfuse upgraded at Oppenheimer As noted earlier, Oppenheimer upgraded Littelfuse to Outperform from Perform. As reasons for the upgrade, the firm cited balance sheet optionality, organic growth trends, and cost saving initiatives. The firm expects the company's strategy to drive organic growth. Target $107.