| 2017-07-14 08:25:14|
AAOI 08:25 07/14 07/14/17
Applied Optoelectronics price target raised to $95 from $85 at Craig-Hallum
Craig-Hallum analyst Richard Shannon said Applied Optoelectronics' pre-announcement of another strong quarter of results is indicative of a strong demand data center environment and while he sees pricing becoming more competitive in the second half, he also believes the company will be able to compete effectively and maintain share. He raised his price target on Applied Optoelectronics to $95 from $85 and reiterates a Buy rating on the shares.