Sidoti upgrades Methode Electronics with profit low-point passed

As previously reported, Sidoti analyst John Franzreb upgraded Methode Electronics (MEI) to Buy from Neutral with an unchanged price target of $14. The firm thinks the company has “largely passed through a recent profit trough” and is poised for an earnings rebound in FY26 as costs associated with new program launches will diminish and a better revenue mix will aid profitability, the analyst tells investors.