Plexus Downgraded to Underperform

We remain apprehensive about Plexus Corp. (PLXS) meeting its 2011 targets and expect revenues to be down with difficult operating performance. Consequently, we downgrade the stock to Underperform from Neutral. Plexus is a leading provider of electronic manufacturing services (EMS) to original equipment manufacturers (OEMs) in a wide range of industries, including wireline/networking, wireless infrastructure, [...]