Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Flex Stock Is Rising Today


Try our new sharewise academy

Learn everything about the market

Shares of Flex (NASDAQ: FLEX) are rising today, up by 12% as of 1:34 p.m. EDT, after getting positive commentary from Wall Street. RBC Capital and J.P. Morgan both upgraded their respective views on the consumer electronics contract manufacturer.

RBC Capital analyst Robert Muller raised his rating on Flex shares from sector perform to outperform while also increasing his price target from $12 to $16. The analyst suggested that investors are not fully appreciating the value of NEXTracker, the solar-tracking company that Flex acquired in 2015 for $245 million. Muller is encouraged by the recent public debut of Array Technologies, which saw its stock surge by nearly 70% on the first day of trading earlier this week. Array is a smaller solar-tracking company based in New Mexico.

Image source: Getty Images.

Continue reading


Source Fool.com

Like: 0
Share

Comments

You may not comment on this article as you either did not confirm your account yet or were blocked. If you think this is a mistake please contact us. Show more