UBS Maintains a 'Neutral' on Molex (MOLX); More Consistent Execution

UBS maintains a 'Neutral' on Molex Incorporated (NASDAQ: MOLX) price target raised $2 to $23.

UBS analyst says, "F1Q11’s Rev/EPS of $936m/$0.47 was ahead of cons., boosted by Japan post-earthquake recovery, and pre-holiday consumer builds (see Oct 20th note). A $3.1m discrete tax expense and business tax in China partially offset the results. Orders grew q/q in Auto/Consumer, while all other end markets declined q/q. We adjust our model to reflect higher OM (est. 30bps) and sales. We foresee rev/EPS for F2Q12, FY12 of $889m/$0.41, $3.61b/$1.70 vs. prior $889m/$0.39, $3.58/$1.61."

For more ratings news on Molex Incorporated click here and for the rating history of Molex Incorporated click here.

Shares of Molex Incorporated closed at $23.30 yesterday.

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