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Fly News Breaks for April 28, 2016
INFN
Apr 28, 2016 | 07:02 EDT
As previously reported, MKM Partners downgraded Infinera to Neutral from Buy. Analyst Michael Genovese said the new Metro-focused Transmode acquisition is performing worse than expected and the solid long haul business is not longer enough to justify his Buy rating. The analyst lowered his price target to $15 from $21 on Infinera shares.
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