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Fly News Breaks for September 9, 2015
FNSR
Sep 9, 2015 | 07:23 EDT
As noted earlier, RBC Capital downgraded Finisar to Sector Perform from Outperform. The firm thinks the company has limited catalysts, while it is facing new competition and "intensifying price pressures." RBC adds that the optical industry is "fragmented" and its prices tend to fall every year. Target to $17 from $21.
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