Flex initiated with an Outperform at Baird

Baird last night initiated coverage of Flex (FLEX) with an Outperform rating and $70 price target The firm is bullish on the “growth/margin filters that are driving a better Flex.” The company’s power business is “particularly attractive” as an AI enabler giving increasing power needs, the analyst tells investors in a research note. Baird sees a good path to additional margin upside for Flex.