UPDATE: JPMorgan Downgrades Plexus (PLXS) to Neutral

August 12, 2020 4:41 AM EDT
Get Alerts PLXS Hot Sheet
Price: $86.62 +0.31%

Rating Summary:
    4 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 37 | New: 115
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(Updated - August 12, 2020 5:03 AM EDT)

(updating comment)

JPMorgan analyst Paul Coster downgraded Plexus (NASDAQ: PLXS) from Overweight to Neutral with a price target of $78.00.

The analyst comments "Downgrade to Neutral. PLXS is trading at ~15.8x our CY21E EPS and ~10x CY21E EV/EBITDA, ~6%/15% respective premiums to the three-year mean though at a discount on a PEG basis. We think the stock is fairly valued here and expect the stock to perform in line with the mean of our coverage universe over the next 6-12 months."

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 $79.31 yesterday.

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