Flex price target raised to $55 from $45 at Argus

Argus raised the firm’s price target on Flex (FLEX) to $55 from $45 and keeps a Buy rating on the shares. The company delivered Q3 revenue and adjusted EPS that easily topped consensus forecasts and increased annually vs. expectations for year-over-year declines, the analyst tells investors in a research note. The company participates in a broad range of large, high-growth segments, and has also meaningfully reduced its exposure to consumer markets, the firm added.