Barrington Maintains Outperform on Molex

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Barrington is out with its report today on Molex
MOLX
, maintaining Outperform. In its report, Barrington writes, "MOLX is a high quality industry leader and a healthy balance sheet with cash and cash equivalents exceeding total debt with the total debt/capital ratio of 12.6%. We have an OUTPERFORM investment rating with a price target range of $26-28 on the basis of valuation, dividend yield of 3.5% and a positive long-term risk/reward ratio." At the time of posting, shares of MOLX were trading at $23.41, up 1.25% from Friday's close.
Posted In: Analyst ColorReiterationAnalyst RatingsBarrington
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