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PLT

Plantronics

$50.38

-0.33 (-0.65%)

08:26
01/02/18
01/02
08:26
01/02/18
08:26

Plantronics upgraded to Buy from Neutral at Sidoti

Sidoti analyst Gregory Burns upgraded Plantronics to Buy with a $60 price target, up from $51, to reflect tax reform benefits. The analyst said the company has $580M in cash held offshore and thinks a significant portion will be used to repurchase stock.

PLT Plantronics
$50.38

-0.33 (-0.65%)

07/28/17
JPMS
07/28/17
DOWNGRADE
Target $60
JPMS
Neutral
Plantronics downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Paul Coster downgraded Plantronics to Neutral citing a lack of catalysts after weak Enterprise demand drove the Q1 miss. The analyst sees a difficult product transition on the consumer side of the business and cut his price target for the shares to $60 from $63.
06/01/17
JPMS
06/01/17
UPGRADE
Target $63
JPMS
Overweight
Plantronics upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Paul Coster upgraded Plantronics to Overweight and raised his price target for the shares to $63 from $59. The analyst finds the economic cycle "broadly supportive" of the company's business and he likes the current valuation multiple of the shares. Further, Coster notes that Plantronics CEO "seemed constructive" at his firm's recent conference.
01/09/17
ROTH
01/09/17
NO CHANGE
Target $60
ROTH
Buy
Plantronics price target raised to $60 from $54 at Roth Capital
Roth Capital analyst Dave King raised his price target for Plantronics to $60 from $54 on valuation. After meeting with the company's new CEO Joe Burton at the Consumer Electronics Show in Las Vegas, the analyst says he came away encouraged by new Gaming products and the potential for "meaningful growth" in new SAAS and Soundscaping initiatives. King reiterates a Buy rating on the shares, which reflects its leading market share, "strong" cash generation, and continued growth in Unified Communications.

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