Wall St futures flat amid US-China trade jitters; bank earnings in focus
Investing.com - Baird upgraded Littelfuse Inc (NASDAQ:LFUS) from Neutral to Outperform on Friday, while raising its price target to $310.00 from $290.00. The company, which has seen its stock surge nearly 70% over the past six months and trades near its 52-week high of $271.81, maintains strong financial health with a current ratio of 4.06.
The research firm cited an improved backdrop that has increased its cyclical conviction, specifically pointing to passive recovery durability and a power semiconductor inflection.
Baird noted that Littelfuse is making early-stage efforts to better position itself to benefit from secular growth drivers, with these initiatives already showing initial results, particularly in artificial intelligence, with modest investment requirements and significant upside potential.
The firm also highlighted an attractive runway for margin improvement, both cyclically and through execution, referencing second-quarter Transportation margin strength as illustrative of this potential.
Baird mentioned that Littelfuse’s valuation is currently below average, and shares have drifted lower ahead of third-quarter 2025 results, prompting the firm to increase its estimates alongside the new $310 price target. Trading at a P/E ratio of 59.7x, InvestingPro analysis suggests the stock is currently fairly valued. For deeper insights into Littelfuse’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, which includes detailed financial analysis and expert commentary.
In other recent news, Littelfuse Inc. reported impressive second-quarter 2025 earnings, with both earnings per share and revenue surpassing market expectations. The company achieved an EPS of $2.85, exceeding the forecast of $2.33, and reported revenue of $613 million, surpassing the anticipated $576.65 million. Oppenheimer responded to these strong results by raising its price target for Littelfuse to $325, maintaining an Outperform rating, and noting a "broadening recovery" across multiple segments. Benchmark maintained its Hold rating on Littelfuse, acknowledging solid performance across its Industrial and Transportation segments. Additionally, Littelfuse appointed Dr. Karim Hamed as Senior Vice President and General Manager of its Semiconductor Business, bringing over 20 years of experience to the role. Meanwhile, Option Care Health announced the appointment of Meenal Sethna as Executive Vice President and Chief Financial Officer, effective October 1, 2025. Sethna will replace Mike Shapiro, who will stay on as a Strategic Advisor through the first quarter of 2026 to ensure a smooth transition. These developments reflect significant changes and strong performances within these companies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.