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Fly News Breaks for December 8, 2017
MEI
Dec 8, 2017 | 08:04 EDT
Baird analyst David Leiker said he would be an aggressive buyer of Methode Electronics at current levels and elevated it to a Top Idea. The analyst noted shares were down on noise surrounding acquisition costs and Ford F-Series center stack business, which is not necessary to support strong growth. He likes the setup over the next few quarters given Automotive momentum, easy comps in Interface, and momentum behind Dabir. Leiker reiterated his Outperform rating and raised his price target to $47 from $46 on Methode shares.
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