Stifel has reiterated its Hold rating and $145.00 price target on Plexus (NASDAQ:PLXS) following meetings with the company’s leadership team last week.

The investment firm met with Plexus President and CEO Todd Kelsey, VP of Finance for North America Rob Michalkiewicz, and VP of Investor Relations Shawn Harrison during a series of investor discussions where management outlined the company’s four-pillar strategy.

Plexus executives detailed their strategic approach centered on Focus (innovative engineering), Execution (operations and services), Passion (consistent global network approach), and Financial Discipline (targeting 9-12% long-term revenue CAGR, over 6% adjusted operating margin, and 15% ROIC).

Management emphasized the company’s competitive positioning within the large electronics manufacturing services (EMS) market, noting Plexus will maintain its focus on highly complex market segments that often face demanding regulatory requirements.

Stifel indicated the meetings reinforced its view that Plexus is well-positioned across diverse end markets with a strategy designed to drive strong return on invested capital.