Plexus price target lowered to $158 from $162 at Needham

Needham analyst James Ricchiuti lowered the firm’s price target on Plexus (PLXS) to $158 from $162 and keeps a Buy rating on the shares. The company reported in-line fiscal Q3 revenue and earnings, which benefited from margins hitting the upper end of expectations and lower interest expense, the analyst tells investors in a research note. The firm believes demand across Plexus’ key verticals “is on a good footing” heading into fiscal 2026.