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Fly News Breaks for June 20, 2018
INFN
Jun 20, 2018 | 17:05 EDT
Goldman Sachs analyst Rod Hall assumed coverage of Infinera from Doug Clark, downgrading the stock to Neutral from Buy and lowering his price target to $10 from $12.50. Hall says the company's success is dependent on the new products, while its "key higher TAM products are yet to fully hit the market". The analyst notes that he sees only modest Optical market share gains, he prefers to remain on the sidelines because of the management's "mixed execution track record".
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