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Fly News Breaks for October 26, 2018
FLEX
Oct 26, 2018 | 08:05 EDT
As reported earlier, Needham analyst Sean Hannan downgraded Flex to Hold from Buy after its Q2 results, saying the quarter's "numerous issues" included the end of its parternership with Nike (NKE), retirement of the CEO, challenges in India expansion ramp. The analyst also calls the company's Consumer Technology Group segment a "mess" with lower operating margins, lowering his FY19 EPS view by 9c to $1.10 and FY20 view by 40c to $1.15.
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