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Fly News Breaks for June 9, 2016
PLXS
Jun 9, 2016 | 08:24 EDT
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.
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