Roth Capital Remains Bullish on Plantronics (PLT) Following Investor Day

Roth Capital reiterated a Buy rating and $64.00 price target on Plantronics (NYSE: PLT) following an investor day.

Analyst Dave King commented, "We are encouraged by the many ways in which Plantronics is seemingly paving the way to continued market leadership, especially as UC further gains traction. The near-term outlook should benefit from reaccelerating UC growth, offset somewhat by forex pressures and the ongoing retail transition to stereo Bluetooth. Our Buy reflects PLT’s leading market share, strong cash flow generation, and the significant longer-term growth opportunity in Unified Communications. Meanwhile, ROE is improving substantially due to significant debt-funded buyback activity."

For an analyst ratings summary and ratings history on Plantronics click here. For more ratings news on Plantronics click here.

Shares of Plantronics closed at $52.01 yesterday.

You May Also Be Interested In

• DA Davidson Reiterates Buy Rating on Tractor Supply Company (TSCO) Amid Soft Q2 Expectations
• Valvoline (VVV) PT Raised to $47 at TD Cowen
• Paychex (PAYX) PT Raised to $107 at Cantor Fitzgerald to Reflect Multiple Expansion for Payroll Processors