Plexus price target raised to $275 from $205 at Raymond James

Raymond James raised the firm’s price target on Plexus (PLXS) to $275 from $205 and keeps an Outperform rating on the shares after “strong” Q2 results. Raymond James noted that while shares traded somewhat off, the firm sees the results and outlook more constructively than recent checks. Despite the recent run in shares, Raymond James still sees upside to current estimates and thinks the Plexus valuation warrants a premium to peers, the firm told investors in a research note.