Celestica has positive read through from HP results, says RBC Capital

theflyonthewall.com

RBC Capital states that HP (HPQ) reported strong quarter-over-quarter growth in server sales. The firm, noting that Celestica generates 7%-9% of its revenue from HP and that most of this revenue comes from servers, sees HP's results as a positive tailwind for Celestica. The firm keeps a Sector Perform rating on Celestica.

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