Benchmark Electronics price target raised to $50 from $48 at Needham

Needham raised the firm’s price target on Benchmark Electronics (BHE) to $50 from $48 and keeps a Buy rating on the shares. The company posted stronger than expected Q4 earnings with in-line revenues and also provided solid guidance for the start of 2025, with continued healthy margins and expectations of a return to modest growth for the full year, the analyst tells investors in a research note.