FLEX May Provide Positive Outlook on Demand Trends
Jim Suva of Citi has maintained his “buy” rating on Flextronics International (NASDAQ: FLEX). The target price for FLEX is set to $9.
Citi expects FLEX to provide a positive outlook on near-term demand trends at its Mid-Year Business Update meeting scheduled for November 17. The meeting may act as a positive catalyst for FLEX's share price on November 17, Citi said.
Citi expects Flextronics International to generate healthy revenue growth and realize margin expansion over the next couple of years.
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