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Fly News Breaks for June 3, 2019
INFN
Jun 3, 2019 | 06:44 EDT
JPMorgan analyst Samik Chatterjee downgraded Infinera to Underweight from Neutral without a price target. The analyst sees a "heightened level of near-term and medium-term risks from the much more moderate level" of capex spending from cable customers. This is in addition to the already existing long-term risks relative to the acquisition, Chatterjee tells investors in a research note.
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