UPDATE: JPMorgan Upgrades Plexus (PLXS) to Overweight on Valuation

March 9, 2020 4:28 AM EDT
Get Alerts PLXS Hot Sheet
Price: $86.67 +0.06%

Rating Summary:
    4 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 25 | New: 41
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(Updated - March 9, 2020 4:47 AM EDT)

JPMorgan analyst Paul Coster upgraded Plexus (NASDAQ: PLXS) from Neutral to Overweight with a price target of $84.00.

The analyst comments "PLXS is down ~15% YTD (S&P down ~8%), and now trading at 14.7 times forward P/E and ~8.7 times forward EV/EBITDA, slight discounts to the 3-year mean and a significant discount on a PEG basis. We look for PLXS to outperform 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 $65.15 yesterday.

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