PLX [OUTPERFORM +15.7%] - COCO sales, new domestic source propel 2019 earnings - Update
  • 01 Mar 2019
  • Company Research
We raise our target price by 5.5% and maintain an OUTPERFORM rating as we lift our target P/E by 8.5% following a higher regional peer P/E median. Meanwhile, we increase our 2019-2023F earnings forecast by less than 1%. We forecast 2019 EPS to grow 10.0%