JPMorgan Downgrades Flextronics (FLEX) to Neutral
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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.
Shares of Flextronics closed at $7.61 yesterday.
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