Methode Electronics weakness a buying opportunity, says RW Baird Baird has been waiting for a pullback in Methode Electronics to become more aggressive in the name. The firm said its investment thesis remains intact citing its existing contracts and new technologies forming the foundation for future growth. Shares are Outperform rated and price target raised to $38 from $37.
Methode Electronics price target lowered to $36 from $52 at Baird Baird feels Methode Electronics shares should stabilize in the low $30's as the growth/momentum shareholder base transitions to small-cap value. The firm believes the shares are becoming attractive for small-cap investors, as its valuation is at a discount to its historical range following its recent sell-off. Baird reiterated its Neutral rating and lowered its price target to $36 from $52 on Methode Electronics shares.