analysts at RBC capital revises its price target for shares of TT electronics at the bottom of the back cover of the electronic component manufacturer’s latest update.

In particular, they highlighted sales growth of about 20% over the previous four months and the fact that orders were ahead of sales.

“A [price-to-earnings multiple] 9x22E is priced in for a significant cyclical downturn in our view and this continues to look very tough compared to business momentum,” they said.

They also…



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