Collins Stewart Starts Plexus (PLXS) at Buy
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Collins Stewart initiates coverage on Plexus Corp. (Nasdaq: PLXS) with a Buy rating and $35 price target.
The firm said, "Despite what feels like a U.S. economic recession and slowing global environment, we believe Plexus is well positioned to capitalize on the trend to outsourcing and deliver strong June quarter results and growth for the remainder of the year. Potential accretive acquisitions, new program wins (e.g., industrial, defense) and faster improvement in Mexico could provide upside to our current projections."
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