Plexus price target lowered to $140 from $145 at Stifel

Stifel analyst Ruben Roy lowered the firm’s price target on Plexus (PLXS) to $140 from $145 and keeps a Hold rating on the shares. Plexus delivered better-than-expected fiscal Q3 results, but Q4 guidance was mixed, the analyst tells investors. FY26 end-market commentary suggests continued near-term pressure in Industrial and Aerospace OEMs, though Defense “remains a bright spot,” says the analyst, who believes upside will remain “constrained until broader end-market recoveries materialize.”