As previously reported, Morgan Stanley analyst Meta Marshall upgraded Finisar to Overweight from Equal Weight, stating that while he believes the datacomm components sector faces meaningful challenges, he thinks that the valuation penalty has become too large on the stock. Potential catalysts in the second half of this year and into 2019 include completion of the new CEO strategic review in June, introductions of cheaper CWDM4 modules, and incremental news around progress on the Sherman VCSEL facility, said Marshall. He trimmed his price target on Finisar shares to $20 from $21.