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Fly News Breaks for February 6, 2018
OCLR
Feb 6, 2018 | 07:58 EDT
Cowen analyst Paul Silverstein lowered his estimates on Oclaro following Q2 results but he said he continues to see solid long-term underlying demand drivers. He noted earnings commentary suggested looming stabilization with an eventual return to growth. Silverstein maintained his Outperform rating, though he lowered his price target to $8 from $9 on Oclaro shares.
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