Goldman Sachs Reiterates Buy Rating On Molex

According to Goldman Sachs, Molex MOLX Buy rating is reiterated. Goldman Sachs said that it hosted investor meetings with Martin Slark (CEO) and Steve Martens (Investor Relations) of Molex in Chicago. “We view Molex's 3.2% dividend yield as appealing in the current tape and see increasing optionality for capital allocation as FCF increases. There are no changes to our estimates or price target. Risks include rising commodity costs (copper and gold) pressuring margins.” Molex closed yesterday at $24.95.