Plexus announces $30M share buyback program Plexus Corp announced that its board has approved a new share repurchase program under which the company is authorized to repurchase up to $30M of its common stock during FY15. The authorized repurchases represent approximately 2% of current market capitalization. The company expects to fund the majority of the repurchases with existing cash.
Plexus upgraded to Strong Buy at Needham As previously reported, Needham upgraded Plexus to Strong Buy from Buy, as it believes the company is the best positioned EMS name entering 2015. The firm has a $47 price target on the shares.