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Fly News Breaks for August 29, 2016
OCLR
Aug 29, 2016 | 05:36 EDT
Piper Jaffray analyst Troy Jensen raised his price target for Oclaro to $9 saying he believes the company is tracking at or above the high-end of its September quarter guidance. The analyst left recent meetings with management "incrementally more upbeat regarding near-mid term demand trends." He reiterates an Overweight rating on the shares.
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