Plexus resumed with a Hold at Stifel

Stifel resumed coverage of Plexus (PLXS) with a Hold rating and $152 price target Plexus is well positioned across diverse end markets with a focus on profitability given its breadth of services that extend from engineering design to manufacturing and test, the analyst tells investors in a research note. However, the firm believes the company’s execution and near-term prospects are reflected in the stock’s current multiple.