Celestica's stock price surged 5.10% during intraday trading on Friday, marking a significant upward movement for the electronics manufacturing services provider.
The sharp increase appears to be driven by positive analyst sentiment, as BMO Capital maintained its "Outperform" rating on the company. An Outperform rating typically indicates that analysts believe the stock will deliver better returns than the market average or its sector peers, which can boost investor confidence and trigger buying activity.
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