Flex price target raised to $75 from $55 at Argus

Argus analyst Jim Kelleher raised the firm’s price target on Flex (FLEX) to $75 from $55 and keeps a Buy rating on the shares. Flex delivered fiscal Q1 revenue and adjusted EPS that topped consensus forecasts, the analyst tells investors in a research note. Flex is well-positioned globally to mitigate its own and its customers’ risks from tariffs, the firm says.