Benchmark Electronics price target raised to $62 from $57 at Lake Street

Lake Street analyst Max Michaelis raised the firm’s price target on Benchmark Electronics (BHE) to $62 from $57 and keeps a Buy rating on the shares after the company reported “strong” Q4 results. The firm believes the stock “should continue to melt higher” as the company shows progress of a semi cap return and further strength from its other key end markets, the analyst tells investors.