Citi Maintains Hold on Plexus (PLXS)

Citi maintains its Hold on Plexus PLXS after December sales were announced. In its report to clients, Citi writes, "Plexus reported"December sales of $565.8 million which is inline with guidance of $550-$580 million and street/CIRA estimates of $565.6/$572.3 million. Plexus reported EPS of $0.61 at the high end of guidance of $0.56-$0.62 (including $0.06 of stock comp) and generally inline with street/CIRA estimates of $0.59/$0.61." Citi has a $36 PT on PLXS PLXS is trading pre-market at $27.40, down 10.60% from yesterday's close.