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Fly News Breaks for November 12, 2018
FNSR, IIVI
Nov 12, 2018 | 09:28 EDT
Craig-Hallum analyst Richard Shannon lowered his price target for II-VI (IIVI) to $47 from $53, while reiterating a Buy rating on the shares. The analyst believes II-VI's proposed acquisition of Finisar (FNSR) is primarily motivated by 3DS technology and an InP capability, but also has many other benefits, although he has concerns about whether Finisar's highly vertically integrated datacom business will remain intact.
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