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Fly News Breaks for June 14, 2017
INFN
Jun 14, 2017 | 08:31 EDT
As noted earlier, MKM Partners upgraded Infinera to Buy from Neutral. Analyst Michael Genovese upgraded the stock after the company announced the general availability of Cloud Xpress 2. The analyst says that the product utilizes point-to-point capacity, and Infinera has excelled at that technology in the past. The analyst expects demand for the product to be strong and help boost the company's 2H17 results. He expects Infinera "to meet or slightly exceed" Q2 consensus estimates. Target to $14 from $10.
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