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Fly News Breaks for March 9, 2018
FNSR
Mar 9, 2018 | 07:30 EDT
Morgan Stanley analyst Meta Marshall started Finisar initiated with an Equal Weight rating and $21 price target, stating that its exposure to the "challenging" datacomm market will dampen its earnings power in calendar 2018. While Finisar's exposure to unattractive themes is highest among the optical names he covers, valuation and the opportunity for better balance sheet utilization under new management keep him from setting an Underweight rating on the shares, Marshall added.
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