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Fly News Breaks for March 19, 2018
EMKR
Mar 19, 2018 | 09:29 EDT
As reported earlier, Northland analyst Tim Savageaux upgraded Emcore to Outperform from Market Perform and raised his price target to $8 from $6. The analyst cites the strength of demand in China passive optical network market along with data points cited by the head of fiber access technology at China Mobile (CHL), as well as the management's positive commentary at the Optical Fiber Conference around the company's defense focused laser gyroscope unit.
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