UPDATE: Deutsche Bank Downgrades Flextronics on Cautious Market Expectations
In a report published on Wednesday, Deutsche Bank analyst Sherri Scribner Downgraded the Rating on Flextronics (NASDAQ: FLEX) from Buy to Hold and maintained a price target of $8.
In the report, Deutsche Bank noted, "While we had been optimistic on a back-half recovery in the telecom and networking end markets, we are becoming more cautious and now expect a relatively muted C2H-13."
Flextronics closed on Wednesday at $7.35.
Latest Ratings for FLEX
|Apr 2016||JP Morgan||Initiates Coverage on||Overweight|
|Jan 2016||Stifel Nicolaus||Upgrades||Hold||Buy|
|Jan 2016||Raymond James||Upgrades||Market Perform||Strong Buy|
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