Plexus Corp. Well Positioned – Analyst Blog
Source: http://www.zacks.com/stock/news/18391/Plexus+Corp.+Well+Positioned+-+Analyst+BlogPosted on Friday, March 20th, 2009 | In Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Plexus Corp. (PLXS) has posted several quarters of strong results, with significantly higher-than-expected revenue and bookings. However, macro-economic headwinds are expected to result in a reduced top-line growth in 2009.
We believe that PLXS is among the best positioned in the industry and is poised to grow with a strong pipeline and new customer wins in 2009 and beyond.
We therefore maintain our Buy rating on PLXS shares with our six-month price target of $22.00, and believe that the shares should trade at a P/E multiple of 15.1x, a premium to the industry mean and median due to strong pipeline and new customer wins.
Anita Mohata contributed to this report.
Read the full analyst report on “PLXS”
Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- CNP & FPL Ink Pipeline Deal - Analyst Blog - November 20th, 2009
- Buffett Borrows for Rail Acquisition - Analyst Blog - November 20th, 2009
- Stone Energy Outdoes Estimates - Analyst Blog - November 20th, 2009
- Smucker's Beats, Raises Guidance - Analyst Blog - November 20th, 2009
- GameStop Meets Expectations - Analyst Blog - November 20th, 2009
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.