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Fly News Breaks for June 17, 2016
FNSR
Jun 17, 2016 | 05:36 EDT
Piper Jaffray analyst Troy Jensen raised his price target for Finisar to $24 saying the company's Q4 results were "strong." Finisar is "on the cusp" of seeing accelerating revenue growth and earnings momentum with "robust China demand continuing for several quarters," Jensen tells investors in a post-earnings research note. He reiterates an Overweight rating on the shares.
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