New Business a Potential Bright Spot for Shares of Flextronics (FLEX)

Article Related Press Releases (1) Related Articles (1) Stock Quotes (1) Comments (0)

Shares of Flextronics (NASDAQ: FLEX) are trading lower today following the company's quarterly earnings report yesterday. Flextronics' business has been soft, particularly in traditional enterprise & infrastructure markets, noted a report today by analysts at Needham and Company.

"On the bright side, FLEX continues to have a strong pipeline of opportunities with new program wins that are robust and present opportunities for a growth platform in a stabilized environment," said analyst Sean K.F. Hannan. He sees strength in new business if macro can hold.

Needham & Company maintained a Buy on Flextronics (NASDAQ: FLEX) with a revised price target of $7.00 (from $8.00).

For an analyst ratings summary and ratings history on Flextronics click here. For more ratings news on Flextronics click here.

Shares of Flextronics closed at $6.12 yesterday, with a 52 week range of $5.45-$7.49.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• KeyBank Upgrades MDC Holdings (MDC); Cuts PulteGroup (PHM) & Ryland Group (RYL)
• Benchmark Boosts PT on R.R. Donnelley (RRD)
• UPDATE: Exane BNP Paribas Downgrades BlackBerry (BBRY) to Underperform; Analyst Says Profit 'Drying Up'

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Needham & Company, Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?