Benchmark Electronics price target raised to $80 from $62 at Needham

Needham raised the firm’s price target on Benchmark Electronics (BHE) to $80 from $62 and keeps a Buy rating on the shares. The company reported a solid Q1 as margins and earnings came in ahead of the high end of guidance, and the management is seeing improving end market demand, with momentum expected to build in Semi-Cap and Advanced Computing and Communication segments over the course of this year, the analyst tells investors in a research note.