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Fly News Breaks for February 2, 2016
FN
Feb 2, 2016 | 07:18 EDT
Stifel raised its price target on Fabrinet after the company reported better than expected Q2 results. The firm says that the results were impressive. It thinks the company has several positive catalysts going forward, including an operating margin tailwind as Fabrinet West increases its utilization and accelerating fundamentals in operating communications. Stifel keeps a Buy rating on the shares.
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