** Electric components maker TE Connectivity TEL.N forecast Q2 profit above Wall Street estimates on Wednesday, supported by surging demand for its AI-related tools and products
** CEO Terrence Curtin told Reuters he expects TEL's industrial segment to stay strong, citing trends witnessed in its order book
** Median PT of 21 brokerages covering the stock is $274.5 - data compiled by LSEG
STRONG EARNINGS MOMENTUM
** Wells Fargo (raises PT to $249 from $245), says TEL expects to grow 4%-6% faster than the overall auto market, given strong long‑term demand for EVs and continued growth in China; raises FY26 EPS estimate to $11 from $10.95
** BofA (raises PT to $290 from $280), cites strong earnings momentum with double‑digit EPS growth from continued industrial segment expansion and rising content per vehicle, which is the value of components TEL supplies for each vehicle; lifts FY26 EPS estimate to $11 from $10.66
** Truist (raises PT to $244 from $240), notes relatively stronger Q1 sales through distribution channels vs direct sales, signaling improving component demand; sees FY26 EPS at $11.08 vs $9.26 earlier
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))