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Positive sentiment from Cramer and a higher price target by Wells Fargo likely trigger short-term upside and a re-rating in TEL’s multiple.
What happened, with direct paths to the underlying reporting
TE Connectivity attracted positive attention after Cramer called it terrific and Wells Fargo bumped its target to $230. The stock closed up 1.7% at $201.61, signaling a near-term upside if sentiment persists. The news sits in a broader industrials backdrop with favorable analyst commentary supporting TEL.
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