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Fly News Breaks for November 7, 2017
FN
Nov 7, 2017 | 05:13 EDT
JPMorgan analyst Paul Coster downgraded Fabrinet to Neutral and cut his price target for the shares to $42 from $54. The company's Q2 guidance came in well below expectations on soft end market demand in China, Coster tells investors in a research note. He sees a lack of near-term catalysts and believes visibility is low.
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