Benchmark Electronics price target raised to $48 from $45 at Needham

Needham raised the firm’s price target on Benchmark Electronics (BHE) to $48 from $45 and keeps a Buy rating on the shares after its “solid” quarterly print. Benchmark is delivering consistently high margins despite year-to-date revenues being down 7%, and while 2025 is likely to start off slow, margins should continue to hold up well, setting up for what will be a stronger second half, the analyst tells investors in a research note.