Plexus (PLXS) shares are soaring 5.49% in Friday's intraday trading session, driven by a notable upgrade from Sidoti. The stock's significant upward movement comes as investors react positively to the improved outlook from analysts.
Sidoti has upgraded Plexus from Neutral to Buy, simultaneously raising its price target from $135 to $150. This upgrade suggests a more optimistic view of the company's future prospects and has likely triggered increased buying interest among investors. The higher price target implies potential further upside for the stock, which is contributing to the current rally.
It's worth noting that not all analysts share the same bullish sentiment. KeyBanc has maintained its Hold rating on Plexus, indicating a more cautious stance. However, the market appears to be giving more weight to Sidoti's upgrade, as evidenced by the stock's strong performance today. Investors will be watching closely to see if Plexus can sustain this momentum and reach Sidoti's new price target.
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