PLT - Plantronics shares surge after JPMorgan upgrade on sustainable demand improved execution

Seeing the pandemic-driven spike in headset sales as sustainable, JPMorgan upgrades Plantronics (PLT) from Neutral to Overweight and maintains the $25 price target.Analyst Paul Coster also says the company seems to be turning the corner under new management with a return to growth, improving margins, and paying down debt, which could lead to a significant stock rerating.Last week, Plantronics reported fiscal Q2 beats with a strong profit outlook for the current quarter.Plantronics shares are up 11.6% to $21.78.

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Plantronics shares surge after JPMorgan upgrade on sustainable demand, improved execution