Thomas & Betts Co. (NYSE: TNB) was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday. They currently have a $72.00 price target on the stock.
Shares of Thomas & Betts Co. traded down 0.06% during mid-day trading on Tuesday, hitting $71.90. Thomas & Betts Co. has a 52 week low of $37.51 and a 52 week high of $72.39. The company has a market cap of $3.736 billion and a P/E ratio of 18.16.
Thomas & Betts Corporation is a designer and manufacturer of essential components used to manage the connection, distribution, transmission and reliability of electrical products in industrial, construction and utility applications.