Flextronics upgraded to Buy from Hold at Argus Argus upgraded Flextronics to Buy following the strong Q4 report citing a strong growth outlook, improving execution and business momentum. Price target is $13.
Flextronics in advanced talks for part of Chinese jv of Alcatel, Reuters says Flextronics (FLEX) is in advanced talks to acquire the manufacturing unit of Alcatel-Lucent's (ALU) Shanghai Bell joint venture, reported Reuters, citing two people with knowledge of the deal. Nokia (NOK) and Alcatel-Lucent have announced their intention to combine in all-share transaction. Reference Link