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Fly News Breaks for March 20, 2017
FLEX, NKE
Mar 20, 2017 | 06:41 EDT
Citi analyst Jim Suva placed Flex (FLEX) on his firm's Catalyst Watch list ahead of the company's investor day on May 10. The analyst expects Flex to highlight its sales and earnings opportunities from the Nike (NKE) relationship during the event. Nike in October 2015 announced a strategic partnership with Flex to automate its shoe manufacturing process. Suva sees the partnership driving sustainable growth for Flex and keeps a Buy rating on the shares with an $18 price target.
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