Plexus price target lowered to $145 from $152 at Stifel

Stifel analyst Ruben Roy lowered the firm’s price target on Plexus (PLXS) to $145 from $152 and keeps a Hold rating on the shares after Q2 results. The firm continues to believe that Plexus is executing well on market share gains with a focus on margin and cash flow dynamics amid a challenging macro backdrop, Stifel told investors in a research note. The firm cited industry wide multiple compression for the decreased price target