Barclays lowered the firm’s price target on Flex to $30 from $35 and keeps an Overweight rating on the shares. The analyst updated the company’s model to reflect the NXT spin-off in early January.
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Read More on FLEX:
- Largest borrow rate increases among liquid names
- Flex completes spin-off of remaining interest in Nextracker
- Flex price target raised to $35 from $34 at BofA
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