Flex resumed with a Buy at Stifel

Stifel resumed coverage of Flex (FLEX) with a Buy rating and $52 price target The firm views Flex’s positioning as a long-standing electronic manufacturing services provider “positively” and expects the company to continue to benefit from expansion into growth vectors, including power and cooling, the analyst tells investors. The firm believes that Flex’s focus on increasing exposure to U.S. hyperscaler opportunities is likely to result in continued top-line growth acceleration and margin expansion, the analyst added.