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Fly News Breaks for July 10, 2015
FN
Jul 10, 2015 | 09:24 EDT
As previously reported, Needham upgraded Fabrinet to Buy from Hold with a $24 price target. The firm is more constructive on Fabrinet given accelerating Optical markets, increased visibility into the costs of the prototype line facility in California, potential gross margin expansion, and compelling valuation.
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