🔴 TEL is trading 5% down today after Evercore ISI downgrade on valuation concerns

TEL is trading 5% down at $202.00 after Evercore ISI downgraded the stock, citing concerns that the current share price already reflects its long-term potential.

• Evercore ISI cut its rating from Outperform to In Line and lowered its price target to $230 from $260.
• The downgrade and subsequent valuation concerns are pressuring shares alongside a broader decline in equity futures.