Plexus price target raised to $285 from $206 at Needham

Needham analyst James Ricchiuti raised the firm’s price target on Plexus (PLXS) to $285 from $206 and keeps a Buy rating on the shares. The company reported strong Q2 results and a solid upside to Q3 guidance as demand continues to strengthen, the analyst tells investors in a research note. Needham adds that Plexus is executing well, with five consecutive quarters of sequential growth, pointing to a clearly accelerating trajectory.