RBC Capital lifts TT Electronics target after strong H1
RBC Capital raised its TT Electronics target and lifted its full-year underlying earnings forecast by 9%. It cited around 4% underlying organic growth in H1, robust sales momentum, margin improvement and self-help benefits.
RBC also lifted its full—year underlying earnings forecast by 9%, citing robust sales momentum, margin improvement and further self—help benefits.
RBC said TT had delivered around 4% underlying organic growth in the first half, excluding the impact of the Plano plant closure and an EMS customer sit…