Celestica is trading at CA$423.73, up +4.02%, after UBS upgraded it from Neutral to Buy.
- Celestica rose on August 25 after UBS raised its target to US$430 from US$410.
- The upgrade follows Celestica’s strong AI-infrastructure outlook and recent equity offering funding expansion; broader technology weakness limits additional upside.
- The move appears primarily company-specific, with positive analyst sentiment outweighing dilution concerns.