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Fly News Breaks for August 27, 2019
MEI
Aug 27, 2019 | 08:47 EDT
Baird analyst David Leiker believes shares of Methode Electronics are mispriced ahead of tis earnings report on Thursday. The analyst said he remains a buyer and urges investors to dig deeper into this secular idea. He noted its recent contract wins, cross-selling of the technology portfolio, and growing new-business backlog. Leiker reiterated his Outperform rating and raised his price target to $44 from $43 on Methode Electronics shares.
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