Flextronics (FLEX +3.8%) jumps on an upgrade to Buy from BofA, which was pleased with...

|About: Flex Ltd.. (FLEX)|By:, SA News Editor

Flextronics (FLEX +3.8%) jumps on an upgrade to Buy from BofA, which was pleased with management's presentation (transcript - PDF) at a recent conference. The firm is now more convinced the contract manufacturing giant is well-positioned to increase margins thanks to a mix shift away from low-margin PC/BlackBerry assembly work, along with revenue increases, restructuring efforts, and the use of in-house components.