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Flextronics: Snakers, Nike Deal Offer Upside, Says Goldman

Goldman Sachs’s Mark Delaney today reiterates a Buy rating on shares of contract electronics manufacturer Flextronics (FLEX), which is best known for building computers and phones and such, and he adds the stock to the firm’s “Conviction Buy List,” arguing that diversification in the business, and some new opportunities in “soft goods” such as sneakers, offer upside.
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