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Fly News Breaks for February 2, 2018
OCLR
Feb 2, 2018 | 08:07 EDT
Jefferies analyst George Notter downgraded Oclaro to Hold from Buy and cut its price target to $6.50. The analyst said Oclaro is a general beneficiary of a rebound in the overall Optical space, but they also have more head-on exposure to Chinese competition/100G price erosion.
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