July 22, 2016 / 4:06 PM / a year ago

BUZZ-Canada's Celestica set for best day since Jan on strong forecast

1 Min Read

** Communication equipment provider's shares up 8 pct at $14.25, U.S.-listed shares up 8 pct at $14.21

** Stock on both exchanges set for their best day in nearly six months

** Celestica's Q2 profit tops analysts' estimates, while Q3 adj. EPS forecast is largely above estimates and revenue view beats estimates

** "The guidance bucks the trends we are seeing from Celestica's key customers in the segment," TD Securities says

** TD Securities among the three brokerages to hike PT on U.S.-listed stock, bumping median PT to $11.50 from $11.25

** Canaccord Genuity upgrades to "buy" from "hold"; now 3 of 12 brokerages rate stock "buy", 8 "hold" and 1 "strong sell"

** Up to Thursday's close, U.S.-listed stock had fallen 14.6 pct in past 12 months

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