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Fly News Breaks for September 9, 2016
NPTN
Sep 9, 2016 | 08:17 EDT
Craig-Hallum analyst Richard Shannon raised NeoPhotonics' price target to $22 from $17 following yesterday's upbeat analyst event. Shannon said the most important takeaway was the 25% CAGR growth outlook over the next three years, which is well above consensus. The analyst has a Buy rating on NeoPhotonics shares.
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