Celestica Inc
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Information Technology : Electronic Equipment, Instruments & Components | Small Cap Value
Based in Canada
Company profile

Celestica Inc. is a provider of supply chain solutions. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services. Its products and services serve a range of applications, including servers; storage systems; optical equipment; aerospace and defense electronics; healthcare products and applications; semiconductor equipment, and a range of industrial and alternative energy products, including solar panels and inverters. It designs, manufactures and tests solar panels for the residential, commercial and utility scale markets. It uses technologies in the assembly and testing of its products.

Closing Price
$8.47
Day's Change
-0.16 (-1.85%)
Bid
--
Ask
--
B/A Size
--
Day's High
8.68
Day's Low
8.47
Volume
(Above Average)
Volume:
284,605

10-day average volume:
241,712
284,605

UPDATE: Morgan Stanley lifts target price on Tesla to $810, while Barclays reiterates $230 view

5:32 am ET January 6, 2021 (MarketWatch)
Print

Morgan Stanley analyst Adam Jonas lifted his target price on Tesla (TSLA) to $810 from $540 as he reiterated an overweight call on the electric vehicle maker. "In our opinion, Tesla is still the best positioned company in EVs and AVs under our coverage due to its people, its technology, business model and access to capital. Furthermore, it is important to note that the company has no entanglement with the environmental liabilities that burden its legacy competition. Put it all together and we believe Tesla's business model can unlock recurring mobility services revenue faster and more profitably than the competition," the analyst said. Separately, Barclays analyst Brian Johnson reiterated an underweight call with a $230 price target. "With the shares trading at 15x EV/sales, Tesla shares trade well above the multiples of the newer EV entrants and, to an even greater extent, above multiples of legacy automakers," he said, adding there's a risk Tesla will push unit sales over prices and margins. Tesla closed Tuesday at $735.11.

-Steve Goldstein; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

January 06, 2021 05:32 ET (10:32 GMT)

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