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Fly News Breaks for March 2, 2016
NPTN
Mar 2, 2016 | 07:50 EDT
Piper Jaffray analyst Troy Jensen raised his price target for NeoPhotonics to $15 from $13 after the company reported "impressive" Q4 results with revenues, margins, EPS and Q1 guidance above expectations. The results were primarily driven by a "strong demand" from Chinese service providers, the analyst tells investors in a research note. Jensen reiterates an Overweight rating on the stock.
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