Goldman Sachs Foresees Turnaround For MOLX

Goldman Sachs has issued a report predicting a turnaround for Molex Inc. MOLX. According to the report, "We met with Dave Johnson (CFO) and Steve Martens (IR) of Molex today to catch up on the company's strategy and progress of its turnaround. While investor sentiment in MOLX has moved from very negative to neutral, we still see an opportunity for further improvement as confidence builds in the company's execution and business model." MOLX is rated Buy and has a $31 Price Target. MOLX closed yesterday at $25.05 a share.