Robert W. Baird upgraded its rating on shares of Methode Electronics Inc. (MEI) Friday morning from a "Neutral" to an "Outperform."
Methode Electronics Inc. gapped up at the open Friday and rose steadily during the first 2 hours of trade. Shares advanced further going into the close and finished up by $2.27 at $11.32 on above average volume. The stock surged past resistance and set a new high for the year.
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