BofA raised the firm’s price target on Flex (FLEX) to $35 from $34 and keeps a Buy rating on the shares. Flex declared December 29 as the record date for its previously announced spinoff of all of its remaining interest in Nextracker (NXT) to Flex shareholders on a pro rata basis, and January 2, 2024 as the distribution date of the spinoff, the analyst tells investors in a research note.
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