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Fly News Breaks for November 2, 2016
OCLR
Nov 2, 2016 | 08:53 EDT
Cowen analyst Paul Silverstein raised his price target on Oclaro to $13 from $9 following strong Q1 result and said he sees long-term growth and operating leverage ahead of his and Street estimates. The analyst also sees industry consolidation as providing a downside cushion. Silverstein reiterated his Outperform rating on Oclaro shares.
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