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PLXS

Plexus

$46.78

0.65 (1.41%)

09:04
10/03/16
10/03
09:04
10/03/16
09:04

Plexus appoints Steve Frisch as COO

Plexus announced the appointment of Steve Frisch to Executive Vice President and COO. With his promotion to COO, Frisch assumes responsibilities for Plexus' global manufacturing and engineering operations, go-to-market, supply chain, and quality functions.

  • 27

    Oct

PLXS Plexus
$46.78

0.65 (1.41%)

01/26/16
SBSH
01/26/16
NO CHANGE
Target $14
SBSH
Buy
Flex added to U.S. Focus List at Citi
Citi analyst Jim Suva added Flex to his firm's U.S. Focus List. The analyst cites positive read-throughs from peers Sanmina (SANM) and Plexus (PLXS) as well as stronger stock repurchases. Suva this morning upgraded Sanmina to Neutral. The analyst has a Buy rating on Flex with a $14 price target.
06/07/16
NEED
06/07/16
NO CHANGE
Target $45
NEED
Buy
Plexus positive momentum to continue, says Needham
Needham analyst Sean Hannan expects Plexus' momentum into the second half of 2016 to continue to be positive owing to favorable outsourcing trends, new program ramps, and more streamlined operations. The analyst says the company reaffirmed its June quarter guidance and also announced a $150M repurchase program, which he sees as positives and supportive of his favorable viewpoints that the general EMS environment as well as Plexus' operations are in "fairly healthy" shape. He reiterates a Buy rating and $45 price target on the shares.
06/09/16
NEED
06/09/16
NO CHANGE
Target $50
NEED
Buy
Plexus price target raised to $50 from $45 at Needham
Needham analyst Sean Hannan raised his price target for Plexus to $50 from $45 following the company's analyst day. Plexus owns the "strongest mix" of non-traditional markets and margins among top EMS names, Hannan tells investors in a research note, adding that he has renewed enthusiasm for Plexus' go-to-market strategy, opportunities to convert funnel business to revenue generation, and drive increasing returns and cash to shareholders. Needham has a Buy rating on the shares.
07/22/16
RILY
07/22/16
DOWNGRADE
Target $50
RILY
Neutral
Plexus downgraded to Neutral from Buy at B. Riley
B. Riley analyst Herve Francois downgraded Plexus to Neutral citing valuation following the company's Q3 results. The analyst believes the company's "solid" growth prospects are reflected in the valuation at current levels. He keeps a $50 price target for the shares.

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