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Fly News Breaks for May 11, 2017
FLEX
May 11, 2017 | 07:24 EDT
UBS analyst Steven Milunovich said Flex held a positive analyst meeting with aggressive 2020 financial targets. He said his buy thesis has been predicated on the company's shift toward more value through design innovation and customer diversification, both of which were featured at the meeting. The analyst believes financial consistency will increase over time and should offset some normal bumps in execution. Milunovich recommended using any weakness as a buying opportunity and reiterated his Buy rating while raising his price target to $18 from $17.50 on Flex shares.
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