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Fly News Breaks for March 13, 2018
FNSR, LITE, OCLR
Mar 13, 2018 | 09:34 EDT
MKM Partners analyst Michael Genovese raised his price target on Oclaro (OCLR) to $12 or 20% above the Lumentim (LITE) deal price, citing "the possibility, but not likelihood, that Finisar (FNSR) or another optical vendor would consider a counterbid. Genovese keeps his Buy rating, adding that the combination with Lumentum would create a market leader in the optical components industry.
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