Benchmark Electronics price target lowered to $46 from $52 at Lake Street

Lake Street analyst Jaeson Schmidt lowered the firm’s price target on Benchmark Electronics (BHE) to $46 from $52 and keeps a Buy rating on the shares after the company reported “mixed” results. While the firm does not believe investors “should be terribly surprised by the softer revenue results and outlook given the macro uncertainty” and notes that a return to growth has likely been pushed out to 2026, it adds that it is “encouraged” by Benchmark’s ability to protect the earnings line.