Methode Electronics price target lowered to $8.50 from $9 at Baird

Baird lowered the firm’s price target on Methode Electronics (MEI) to $8.50 from $9 and keeps a Neutral rating on the shares. The firm updated models in the vehicle technology and mobility group as part of a Q4 preview. The Q4 reports should be mostly in-line with 2026 outlooks “likely somewhat restrained,” the analyst tells investors in a research note. Baird believes supply chain disruptions are “again casting a longer shadow” with auto affordability “similarly top-of-mind.” The firm is selective in the near-term, with Aptiv and BorgWarner remaining its favorite auto supplier ideas.