Piper Jaffray analyst Troy Jensen raised his price target for Fabrinet (FN) to $67 from $63 and reiterates an Overweight rating on the shares. The analyst continues to believe Fabrinet is one of the better optical stocks to own. Fabrinet is likely going to see near-term upside given the strength in telco optics and slightly improving trends in datacom, Jensen tells investors in a research note. He also thinks the company's silicon photonics exposure will provide a "sustained tailwind" for growth with Intel (INTC) "disrupting the datacom transceiver market." Jensen increased his estimates to the upper end of Fabrinet's guidance.