Goldman Sachs Maintains Buy on Flex, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney has maintained a Buy rating on Flex (NASDAQ:FLEX) but has reduced the price target from $34 to $27.
January 25, 2024 | 2:07 pm
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Goldman Sachs reaffirms a Buy rating on Flex but decreases the price target to $27, indicating a potential upside but with caution.
The maintenance of a Buy rating suggests that Goldman Sachs still sees growth potential in Flex. However, the reduction in the price target may reflect a more cautious stance on the company's future performance, possibly due to market conditions or company-specific factors not detailed in the article. This could lead to a mixed short-term reaction in the stock price as investors balance the positive rating against the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100