Flex price target raised to $58 from $50 at BofA

BofA raised the firm’s price target on Flex (FLEX) to $58 from $50 and keeps a Buy rating on the shares. The company continues to see strong revenue related to data center, and data center is the main driver for 1% year over year revenue growth in the firm’s model and assumes the remaining end markets decline, the analyst tells investors in a research note. Flex has the ability to raise prices on some of its own power products to offset direct tariff impact, BofA adds.