Flex Receives Approval For Additional Share Repurchases
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RBC Capital Remains Bullish on Flextronics (FLEX) Following Announced Repurchase Authorization
August 25, 2015 8:35 AM EDTRBC Capital reiterated an Outperform rating and $14.00 price target on Flextronics (NASDAQ: FLEX) following announced shareholder approval to purchase 20% of the Company's shares outstanding and a $500M share repurchase authorization. Analyst Amit Daryanani estimates the buyback plan can contribute $0.08-$0.10 to FY17E EPS.
Daryanani commented, "This evening after the close, FLEX announced they... More
Flextronics (FLEX) Holders Approve Buyback for Up to 20% of Common Stock
August 24, 2015 4:02 PM EDTFlextronics (NASDAQ: FLEX) received shareholder approval to purchase up to 20% of its outstanding shares. Additionally, the Company's Board of Directors authorized management to purchase the Company's shares in an aggregate amount of up to $500 million. Since the beginning of fiscal 2011, the Company has repurchased 305 million... More
