Flextronics (FLEX) PO Raised to $19.50 at BofA/Merrill Lynch Following Analyst Day; 'Lots of Opportunity for Growth'
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Price: $155.81 --0%
Rating Summary:
17 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 10 | New: 16
Rating Summary:
17 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 10 | New: 16
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BofA/Merrill Lynch raised its price objective on Flextronics (NASDAQ: FLEX) to $19.50 (from $17.50) while maintaining a Buy rating, following the company's analyst day.
Analyst Ruplu Bhattacharya notes a positive outlook on the company following last week's analyst day, as the company benefits from continued 10%+ y/y growth in IEI and HRS segments, while experiencing improving margins for CTG and potential growth in CEC revenue.
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