TE is trading 25% up today at $8.62 as Roth Capital dismisses a recent short-seller report and reiterates its Buy rating.
- Roth Capital labeled the recent stock weakness a buying opportunity and maintained a $10 price target, countering a report from Fuzzy Panda Research.
- The sharp rebound is being fueled by short-covering interest and validation from the well-followed analyst, leading to an outsized move versus the broader market.