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FLEX

Flex

$9.39

-0.08 (-0.84%)

12:25
05/24/19
05/24
12:25
05/24/19
12:25

Huawei phone assembler Flex stops production at China factory, NAR says

Flex, Huawei's biggest smartphone assembler, has halted at least a portion of its production for the Chinese handset maker, following the U.S. blacklisting of the Chinese company, Nikkei Asian Review's Yusuke Hinata, Lauly Li, and Cheng Ting-Fang report, citing two sources. Reference Link

FLEX Flex
$9.39

-0.08 (-0.84%)

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.
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.
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).
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."

TODAY'S FREE FLY STORIES

RNG

RingCentral

$116.89

-1.16 (-0.98%)

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MITO

Stealth Biotherapeutics

$13.40

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APO

Apollo Global

$33.25

-0.06 (-0.18%)

, SFS

Smart & Final Stores

$6.49

(0.00%)

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APO

Apollo Global

$33.25

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SFS

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WHF

WhiteHorse Finance

$14.03

0.02 (0.14%)

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CSL

Carlisle

$135.46

-1.68 (-1.23%)

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TEVA

Teva

$8.22

-0.02 (-0.24%)

07:09
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HSDT

Helius Medical

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-0.15 (-5.14%)

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Helius Medical to initiate study on physical therapy without use of PoNS device »

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TTGT

TechTarget

$20.03

-0.09 (-0.45%)

07:08
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Conference/Events
TechTarget management to meet with Lake Street »

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  • 19

    Jun

COUP

Coupa Software

$122.05

1.43 (1.19%)

07:07
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  • 11

    Jul

VBIV

VBI Vaccines

$0.64

-1.2486 (-66.06%)

, DVAX

Dynavax

$4.09

0.28 (7.35%)

07:07
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VBIV

VBI Vaccines

$0.64

-1.2486 (-66.06%)

DVAX

Dynavax

$4.09

0.28 (7.35%)

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AKG

Asanko Gold

07:06
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06/18
07:06
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Initiation
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NTRP

Neurotrope

$6.40

0.235 (3.81%)

07:06
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07:06
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Initiation
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  • 26

    Jun

UBX

Unity Biotechnology

$9.19

0.5 (5.75%)

07:06
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Unity Biotechnology says UBX0101 was safe, well-tolerated in Phase 1 study »

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  • 20

    Jun

RCKT

Rocket Pharmaceuticals

$16.88

0.68 (4.20%)

07:06
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Rocket Pharmaceuticals commences dosing in Phase 1 RP-A501 trial »

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BBY

Best Buy

$66.66

0.64 (0.97%)

07:05
06/18/19
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Best Buy to sell Flywheel bikes, Hydrow machines in over 100 stores by EOY »

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XEBEF

Xebec Adsorption

$0.00

(0.00%)

07:04
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VYGR

Voyager Therapeutics

$26.78

2.53 (10.43%)

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MOS

Mosaic

$23.27

0.91 (4.07%)

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  • 13

    Nov

TWLO

Twilio

$140.75

0.58 (0.41%)

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ACM

Aecom

$35.20

1.795 (5.37%)

07:02
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AAPL

Apple

$193.90

1.06 (0.55%)

07:01
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SFL

Ship Finance

$12.23

0.11 (0.91%)

07:00
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Conference/Events
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  • 19

    Jun

GHDX

Genomic Health

$52.13

0.99 (1.94%)

07:00
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  • 18

    Jun

  • 06

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General news
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KR

Kroger

$24.36

0.1 (0.41%)

06:59
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