Flex price target raised to $52 from $45 at Stifel

Stifel analyst Ruben Roy raised the firm’s price target on Flex (FLEX) to $52 from $45 and keeps a Buy rating on the shares. While weakness in non-datacenter verticals remains persistent, the firm continues to expect Flex’s hyperscale exposure to yield long-term sales and margin growth, the analyst tells investors in a post-earnings note.