Raymond James Reiterates Outperform Rating on Plexus (PLXS), 'believe any weakness in shares represents a buying opportunity'

Raymond James analyst Adam Tindle reiterated an Outperform rating and $165.00 price target on Plexus (NASDAQ: PLXS).

The analyst comments "We reiterate our Outperform rating and $165 price target on shares of Plexus (PLXS) following June quarter results. Despite continued macro headwinds and mixed end-market trends, we are encouraged by the company’s disciplined approach to maintaining capital returns and shareholder value. Net, we feel today’s trading action was overdone, and believe any weakness in shares represents a buying opportunity for a company with a growing portfolio of engineering and manufacturing wins (largely in less volatile end markets versus peers), with strong margin profile and cash returns, driving continued shareholder value."

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

Shares of Plexus closed at $133.83 yesterday.

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