Goldman Sachs Resumes Molex Incorporated (MOLX) at Neutral

Goldman Sachs resumed coverage on Molex Incorporated (NASDAQ: MOLX) with a Neutral rating and a price target of $29.00.

"For Molex, we see 2% upside in the stock (5% total return) to our 12-month, $29 price target. We expect EPS to grow but by less than peers due to mix and lower margins in a large mobile project. Industry key risks relate to sales, margin growth," said Goldman.

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

Shares of Molex Incorporated closed at $28.53 yesterday.

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