TE Connectivity stock drops 3% into weekend as banks lift targets — what to watch next (TEL)
TE Connectivity shares fell 3.25% to $223.84 Friday after reporting record $5.1 billion in orders and adjusted EPS of $2.72 for the fiscal first quarter. Trading volume topped 2.9 million shares, above average. Truist and Barclays both raised price targets while maintaining Hold and Overweight ratings. The stock remains about 11% below its November high.