Jefferies Starts Molex Incorporated (MOLX) at Hold, Worried About EU/ China

Jefferies initiated coverage on Molex Incorporated (NASDAQ: MOLX) with a Hold and a price target of $26.00.

"We find a number of aspects of the Molex story very attractive, such as exposure to smartphones, tablets, and silicon photonics. However, we’re inclined to remain on the sidelines for now given Molex’s significant exposure to macroeconomic risks via verticals such as Industrials and Automotive," said analyst James Kisner.

Kisner is concerned that there is mounting evidence of a slowing global macroeconomic environment, particularly in Europe and China.

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 $26.15 yesterday.

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