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Fly News Breaks for August 9, 2019
FN
Aug 9, 2019 | 08:42 EDT
Needham analyst Alex Henderson raised his price target on Fabrinet to $70 and kept his Buy rating ahead of its earnings on August 19th. The analyst expects a "strong print and guide", since "virtually every company" in the Optical space reported stronger than expected results this quarter. Henderson adds that the concerns related to Fabrinet's exposure to Huawei also appear to be "overdone".
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