Flex price target raised to $85 from $75 at Argus

Argus analyst Jim Kelleher raised the firm’s price target on Flex (FLEX) to $85 from $75 and keeps a Buy rating on the shares after its Q2 earnings beat. Sales rose annually for a fourth straight quarter, following a string of year-over-year declines stretching back to FY23, while revenue grew 4% year over year as the gain reflected strength in AI and cloud data center business, the analyst tells investors in a research note.