Piper Jaffray analyst Troy Jensen raised his price target for Fabrinet (FN) to $69 from $67 saying the company reported "impressive" March quarter results with revenue and earnings "comfortably" beating consensus expectations. Demand for telco optics remained strong in the quarter and the company is now turning modestly more upbeat regarding second half of the year strength for datacom optics, Jensen tells investors in a research note. Further, Fabrinet also announced a material win with Infinera (INFN), adds the analyst. He reiterates an Overweight rating on the shares.