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Fly News Breaks for May 3, 2016
FN
May 3, 2016 | 07:15 EDT
Stifel raised its price target on Fabrinet after the company delivered beat and raise Q3 results. The firm says that the company's strength was broad based, and it thinks that the outlook for the company's new products and customers is fairly certain. Stifel expects the company to benefit from accelerating optical communications fundamentals and increasing operating margins going forward. It keeps a Buy rating on the shares.
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