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Fly News Breaks for November 18, 2016
INFN
Nov 18, 2016 | 08:01 EDT
Needham analyst Alex Henderson notes that Infinera reiterated and underlined its tech advantages at the company's analyst day. Henderson believes Infinera is at a trough and thinks it will take 12-24 months to turn it around. However, for longer-term investors, the analyst believes the stock could be a triple over 24 months even if it is a bit early and the story likely has a rough patch to get through. He reiterates a Strong Buy rating and $12.50 price target on the shares.
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