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Fly News Breaks for January 4, 2016
FN
Jan 4, 2016 | 06:48 EDT
Piper Jaffray analyst Troy Jensen believes 2016 will be a "great year" for optical demand with 100G product cycles in both datacom and telco. Fabrinet is one of the better and less expensive ways to play the optical cycle, Jensen tells investors in a research note. He raised his estimates for the company and upped his price target for the shares to $29 from $26. The analyst keeps an Overweight rating on the name.
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