Flex price target raised to $180 from $75 at BofA

BofA analyst Ruplu Bhattacharya raised the firm’s price target on Flex (FLEX) to $180 from $75 and keeps a Buy rating on the shares after management recently announced its intention to spin off its Cloud & Power infrastructure segment into a new independent company. The firm, which says its raised target is “driven by a bifurcation into a high-growth power/compute business and a steady EMS core,” expects calendar year 2027 EPS of $6.15, up from $3.97 in calendar 2026.