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Fly News Breaks for April 5, 2016
NPTN
Apr 5, 2016 | 07:21 EDT
Piper Jaffray analyst Troy Jensen raised his price target for NeoPhotonics to $17 from $15 saying demand in China has remained strong during Q1 and that the industry has good visibility into the second half of 2016. The analyst expects NeoPhotonics to outperform Q1 expectations given its high exposure in China. He keeps an Overweight rating on the name.
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