UPDATE: Citigroup Raises PT on Molex Following Acquisition Announcement by Koch Industries

In a report published Tuesday, Citigroup analyst Jim Suva reiterated a Neutral rating on Molex (NASDAQ: MOLX ), and raised the price target from $30.00 to $38.50. In the report, Citigroup noted, “Monday morning, September 9, Molex announced it would be acquired by Koch Industries (private company) for $38.50/share or