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FLEX

Flex

$9.23

0.36 (4.06%)

16:23
01/30/19
01/30
16:23
01/30/19
16:23

Flex sees Q4 adjusted EPS 25c-28c, consensus 27c

Sees Q4 revenue $6.2B-$6.6B, consensus $6.52B. "We are pleased with the results of our third quarter, which exceeded expectations on multiple levels. Our core business remains sound and is performing very well, and our balance sheet is positioned to support the business over the long term," said CFO Chris Collier.

  • 30

    Jan

FLEX Flex
$9.23

0.36 (4.06%)

01/02/19
JPMS
01/02/19
DOWNGRADE
Target $12
JPMS
Neutral
Flex downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Paul Coster downgraded Paul Coster to Neutral and lowered his price target for the shares to $12 from $14. The analyst calls Flex a "show-me stock."
12/11/18
WOLF
12/11/18
INITIATION
Target $9
WOLF
Peer Perform
Flex initiated with a Peer Perform at Wolfe Research
Wolfe Research analyst Steven Milunovich started Flex (FLEX) with a Peer Perform rating and $9 price target, stating that although EMS names are moving up the value chain, he does not think "now is the time" for Flex and Jabil (JBL).
10/30/18
10/30/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. LabCorp (LH) downgraded to Hold from Buy at Argus with analyst Jasper Hellweg saying the company is faced with pressure from "lower lab testing payment rates mandated by the Protecting Access to Medicaid Act of 2014" along with business disruptions and the impact of acquisitions which resulted in lowers margins for the quarter. 2. E-Trade (ETFC) downgraded to Outperform from Strong Buy at Raymond James with analyst Patrick O'Shaughnessy saying the recent board decision not to sell the business and remain a standalone company takes a sales scenario off the table. The analyst remains positive on shares ans believes there is plenty of upside as management executes on its operating plan. 3. Southwest (LUV) downgraded to Underweight from Neutral at JPMorgan while United Continental (UAL) and Spirit Airlines (SAVE) downgraded to Neutral from Overweight. 4. Flex (FLEX) downgraded to Hold from Buy at Argus with analyst Jim Kelleher citing the expected impact from the "shutdown of Mexican operations with key customer Nike (NKE), which he expects to be fully unwound," as well as the retirement of the company CEO Mike McNamara who had presided over the company's business expansion. 5. Elevate Credit (ELVT) downgraded to Market Perform from Outperform at JMP Securities and William Blair. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/30/18
ARGS
10/30/18
DOWNGRADE
ARGS
Flex downgraded to Hold from Buy at Argus
Argus analyst Jim Kelleher downgraded Flex (FLEX) to Hold after its "disappointing" Q2 results and "weak" Q3 guidance revealed last week. The analyst also cites the expected impact from the "shutdown of Mexican operations with key customer Nike (NKE), which he expects to be fully unwound", as well as the retirement of the company CEO Mike McNamara who had presided over the company's business expansion. Kelleher adds that the loss of Nike compounds lost business from other high-profile clients, including toymaker Lego as well as numerous mobile device makers.

TODAY'S FREE FLY STORIES

CGC

Canopy Growth

$43.70

0.92 (2.15%)

20:00
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  • 21

    Jun

WOPEY

Woodside Petroleum

$0.00

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CCLAY

Coca-Cola Amatil

$0.00

(0.00%)

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UNH

UnitedHealth

$247.78

-2.47 (-0.99%)

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KFY

Korn/Ferry

$48.61

1.04 (2.19%)

, EXEL

Exelixis

$21.14

0.15 (0.71%)

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KFY

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$48.61

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EXEL

Exelixis

$21.14

0.15 (0.71%)

SEE

Sealed Air

$43.68

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PYPL

PayPal

$118.82

1.66 (1.42%)

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  • 20

    Jun

EXEL

Exelixis

$21.14

0.15 (0.71%)

, RHHBY

Roche

$0.00

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EXEL

Exelixis

$21.14

0.15 (0.71%)

RHHBY

Roche

$0.00

(0.00%)

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    Nov

INVH

Invitation Homes

$27.68

-0.07 (-0.25%)

18:55
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Invitation Homes 37.5M share Spot Secondary priced at ~$26.67 »

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  • 21

    Jun

MDB

MongoDB

$173.76

-0.33 (-0.19%)

18:44
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MongoDB CEO: Every company is becoming a software company »

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  • 10

    Jul

VRML

Vermillion

$0.89

-0.1575 (-15.00%)

18:37
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CAT

Caterpillar

$133.66

2.97 (2.27%)

18:34
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Caterpillar CEO: We take a long-term view »

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UNH

UnitedHealth

$247.78

-2.47 (-0.99%)

18:22
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18:22
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Breaking Periodicals news story on UnitedHealth »

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  • 20

    Jun

  • 18

    Jul

BKS

Barnes & Noble

$6.71

0.055 (0.83%)

18:20
06/20/19
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18:20
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18:20
Downgrade
Barnes & Noble rating change at Gabelli »

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CSGP

CoStar Group

$555.39

-0.78 (-0.14%)

18:11
06/20/19
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CoStar Group acquires Off Campus Partners »

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  • 13

    Nov

BDX

Becton Dickinson

$245.32

7.2 (3.02%)

17:55
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Becton Dickinson backs safety of its Lutonix drug-coated balloons in SFA »

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  • 20

    Jun

CPF

Central Pacific

$28.49

-0.13 (-0.45%)

17:41
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  • 06

    Nov

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    Nov

AEL

American Equity

$27.51

0.3 (1.10%)

17:33
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American Equity director Debra Richardson sells almost $2.2M in company shares »

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SEE

Sealed Air

$43.68

-0.13 (-0.30%)

17:28
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Sealed Air backs FY19 adjusted EPS view $2.65-$2.75, consensus $2.73 »

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SEE

Sealed Air

$43.68

-0.13 (-0.30%)

17:27
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AJRD

Aerojet Rocketdyne

$43.01

1.49 (3.59%)

17:27
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SEE

Sealed Air

$43.68

-0.13 (-0.30%)

17:25
06/20/19
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Sealed Air terminates CFO William Stiehl for cause, effective immediately »

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BBU

Brookfield Business Partners

$41.25

1.28 (3.20%)

, BAM

Brookfield

$48.38

0.29 (0.60%)

17:15
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17:15
Syndicate
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BBU

Brookfield Business Partners

$41.25

1.28 (3.20%)

BAM

Brookfield

$48.38

0.29 (0.60%)

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  • 08

    Aug

AXLA

Axcella

$10.39

0.27 (2.67%)

17:13
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Earnings
Axcella reports Q1 EPS ($2.43), consensus (49c) »

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LKSD

LSC Communications

$5.83

0.07 (1.22%)

17:11
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QUAD

Quad/Graphics

$9.75

0.09 (0.93%)

, LKSD

LSC Communications

$5.83

0.07 (1.22%)

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Quad/Graphics intends to defend proposed LSC Communications acquisition »

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QUAD

Quad/Graphics

$9.75

0.09 (0.93%)

LKSD

LSC Communications

$5.83

0.07 (1.22%)

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SFM

Sprouts Farmers Market

$19.52

0.14 (0.72%)

17:04
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Sprouts Farmers Market interim co-CEO/CFO Brad Lukow resigns »

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  • 13

    Nov

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