Methode Electronics price target lowered to $38 from $42 at Baird

Baird lowered the firm’s price target on Methode Electronics to $38 from $42 and keeps a Neutral rating on the shares. The firm noted share were down following its Q4 report but the good news was of a bigger picture nature, including less concerning strategic implications of the recently-disclosed early EV program sunset and very strong EV award activity.