The Globe and Mail reports in its Thursday, April 30, edition that TD Cowen analyst John Shao has elevated his recommendation for Celestica to "buy" from "hold." The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Shao's share target soared $80 to $430 (all figures U.S.). Analysts on average target the shares at $451.18. Mr. Shao issued his rating upgrade following the stock's 14 per cent sell-off on Tuesday despite solid quarterly results. In addition to the stock's slide this week, he cites three other reasons for his rating upgrade: materially higher fiscal 2026 guidance and better visibility into fiscal 2027; new revenue opportunities and program wins that have the potential to scale meaningfully; and planned capacity increases, which the analyst believes will lead Celestica to increasing its growth potential. Mr. Shao says in a note, "Incorporating this quarter's updates and our recent works, we find it challenging to maintain a hold rating while forecasting such strong future performance." Mr. Shao says Tuesday's sell-off "offers that opportunistic entry point we have been looking for." The Globe reported on April 21 that Mr. Shao had maintained Celestica at "hold." It was then worth $551.56.