KeyBanc Capital Markets Initiates Molex Coverage: Hold

KeyBanc Capital Markets initiated Molex MOLX coverage with a Hold rating in a research report published today. In the report, KeyBanc Capital Markets states, "Over the long term, we believe MOLX will benefit from the combination of its improved operating model, healthy FCF generation, market tailwinds and leadership position in many of its consumer, info-tech and industrial markets." Shares of Molex were trading at $24.53 at the time of posting, up 0.45% from Tuesday's market close.