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Fly News Breaks for February 26, 2020
BHE
Feb 26, 2020 | 09:04 EDT
As previously reported, Sidoti analyst Anja Soderstrom upgraded Benchmark Electronics to Buy from Neutral with an unchanged price target of $36. The shares are down 22% year-to-date, which Soderstrom blames on concerns about what effects, if any, the coronavirus will have on Benchmark's business. However, the analyst views the pullback as creating an attractive entry point after the company gave upbeat 2020 guidance last week. Benchmark can meet any elevated working capital needs should the virus lead to a shortage of components, Soderstrom added.
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