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Despite strong Q1 earnings, Bartlett & CO. reduced its stake in Littelfuse, which still has a "Hold" rating.
Wealth management firm Bartlett & CO. reduced its stake in Littelfuse, Inc. by 100 shares, leaving it with 310 shares.
Littelfuse reported strong Q1 earnings, with EPS of $2.19, exceeding forecasts by $0.37, and revenue of $554.31 million, surpassing expectations.
Despite this, the stock has a "Hold" consensus rating with a target price of $252.25, although Wall Street Zen recently upgraded its rating to "Buy."
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A pesar de las sólidas ganancias del primer trimestre, Bartlett & CO. redujo su participación en Littelfuse, que todavía tiene una calificación "Hold".