Flex price target raised to $45 from $39 at Craig-Hallum

Craig-Hallum analyst Christian Schwab raised the firm’s price target on Flex (FLEX) to $45 from $39 and keeps a Buy rating on the shares. The firm says Flex continues to execute well and is driving improving margins that are more than offsetting some macro challenged markets. While the company is seeing some headwinds in automotive and industrial end markets, which the company highlighted last month at an investor conference, management remains focused on winning and ramping strong profitable design wins and growing in key markets such as datacenter, Craig-Hallum notes.