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Fly News Breaks for December 9, 2016
FNSR
Dec 9, 2016 | 08:17 EDT
Craig-Hallum analyst Richard Shannon raised Finisar's price target to $46 from $34 to reflect Q2 execution and gross margins reaching a multi-year high. The analyst said Finisar is benefitting from industry-wide capacity constraints across most of its products, which favors its vertically integrated approach and should drive margins to another record. Shannon rates Finisar a Buy.
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