Benchmark Electronics (BHE): Raising PT - Needham

October 21, 2016 6:31 AM EDT
Get Alerts BHE Hot Sheet
Price: $30.00 -0.17%

Rating Summary:
    2 Buy, 2 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Needham & Company analyst, Sean Hannan, reiterated his Buy rating on shares of Benchmark (NYSE: BHE) but raised his price target to $28 from $26 now that new leadership is at the helm.

BHE intends to continue its prior strategy for reinvigorating growth, achieving margin expansion and delivering more acceptable working capital management, more appropriate for their mix of business. Overall, estimates do not change considerably, but the analyst acknowledges that the company is on the right path for better internal execution in addition to building on an increasingly healthy revenue portfolio.

For an analyst ratings summary and ratings history on Benchmark click here. For more ratings news on Benchmark click here.

Shares of Benchmark closed at $24.90 yesterday.

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