Citi Reiterates Hold Rating On Plexus

According to Citi, Plexus PLXS Hold valuation is reiterated. Citi said that Plexus hosted its annual investor day Wednesday, June 9th which included a tour of PLXS' medical manufacturing facility in the greater Chicago area. “We reiterate our $42 target price 2S, representing +22% upside but note the stock has recently seen strength and would look for a pullback as a better potential entry point. Our Top Pick remains TE Connectivity Ltd. (TEL.N; US$35.51; 1H).” Plexus closed yesterday at $34.33.