UPDATE: Deutsche Bank Downgrades Flextronics on Cautious Market Expectations
May 23, 2013 at 09:10 AM EDT
In a report published on Wednesday, Deutsche Bank analyst Sherri Scribner Downgraded the Rating on Flextronics (NASDAQ: FLEX ) from Buy to Hold and maintained a price target of $8. In the report, Deutsche Bank noted, "While we had been optimistic on a back-half recovery in the telecom and networking
