UPDATE: Goldman Sachs Resumes Coverage on Flextronics on Improving ROIC, Increased Consumer Concentration
October 02, 2013 at 10:49 AM EDT
In a report published Wednesday, Goldman Sachs analyst Mark Delaney resumed coverage on Flextronics International Ltd. (NASDAQ: FLEX ) with a Neutral rating and $9.50 price target. In the report, Goldman Sachs noted, “Positively, we believe that Flextronics will significantly improve its ROIC (in particular on a GAAP basis) in