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Fly News Breaks for August 3, 2015
SANM, PLXS
Aug 3, 2015 | 05:41 EDT
Goldman Sachs analyst Mark Delaney upgraded Plexus (PLXS) to Buy saying margin expansion should be a catalyst while the stock has underperformed peers year-to-date. Delaney points out Plexus has only "modest" direct exposure to China end demand and no PC business. He raised his price target for shares to $44 from $40. Delaney this morning also downgraded shares of Sanmina (SANM) to Neutral.
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