JPMorgan Downgrades Flextronics (FLEX) to Neutral

January 2, 2019 3:25 AM EST
Get Alerts FLEX Hot Sheet
Price: $16.64 +2.02%

Rating Summary:
    12 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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JPMorgan analyst Paul Coster downgraded Flextronics (NASDAQ: FLEX) from Overweight to Neutral with a price target of $12.00 (from $14.00).

The analyst steps to the sidelines citing a lack of NT catalysts. He also believes investors view the name as a "show-me" story which means a few "solid prints" are necessary for confidence to be restored following weak execution in 2018.

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 $7.61 yesterday.

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