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FN

Fabrinet

$45.18

-1.34 (-2.88%)

05:01
11/06/18
11/06
05:01
11/06/18
05:01

Fabrinet price target raised to $56 from $52 at Piper Jaffray

Piper Jaffray analyst Troy Jensen raised his price target for Fabrinet to $56 saying the company "posted another strong quarter beating expectations across the board." Fabrinet's fiscal Q1 results confirm that the Telco side of optics and select datacom segments are experiencing the beginnings of an upgrade cycle, Jensen tells investors in a post-earnings research note. He believes the company's growth rates will continue to accelerate over the next several quarters and keeps an Overweight rating on the name.

FN Fabrinet
$45.18

-1.34 (-2.88%)

08/21/18
08/21/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Equal Weight from Overweight at Consumer Edge with the firm saying SEC issues and news headlines will leave shares "boxed-in" near-term. 2. HP Enterprise (HPE) downgraded to Market Perform from Outperform at Bernstein with analyst A.M. Sacconaghi, Jr. saying despite a robust IT spending environment, he does not see upside to near-term expectations, given tough comparisons, continuing share losses in servers, a headwind from currency, an expected higher tax rate, and lower other income. 3. Fabrinet (FN) downgraded to Buy from Strong Buy at Needham with analyst Alex Henderson citing valuation. 4. Hudson Pacific (HPP) downgraded to Neutral from Outperform at Baird with analyst David Rodgers saying he sees downside risk in consensus estimates during both 2019 and 2020 and as a result, he believes it will be difficult to outperform. 5. Brixmor (BRX) downgraded to Neutral from Buy at Mizuho with analyst Haendel St. Juste citing share strength since mid-February and the near-term dilutive impact of the company's strategy shift to ramp up 2018 dispositions to capitalize on better than expected asset pricing. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/04/18
RILY
09/04/18
DOWNGRADE
Target $52
RILY
Neutral
Fabrinet downgraded to Neutral from Buy at B. Riley FBR
B. Riley FBR analyst Dave Kang downgraded Fabrinet to Neutral citing valuation and macro uncertainty. The analyst keeps a $52 price target for the shares.
09/04/18
RILY
09/04/18
DOWNGRADE
Target $54
RILY
Neutral
II-VI downgraded to Neutral from Buy at B. Riley FBR
B. Riley FBR analyst Dave Kang downgraded II-VI to Neutral citing valuation and macro uncertainty. The analyst keeps a $54 price target for the shares. Kang this morning also downgraded Fabrinet (FN) citing a similar rationale.
10/22/18
STFL
10/22/18
INITIATION
Target $53
STFL
Buy
Fabrinet resumed with a Buy at Stifel
Stifel analyst John Marchetti resumed Fabrinet with a Buy rating and a price target of $53, citing the company's position as a "niche solution provider" with a growing total addressable market. The analyst further notes that Fabrinet's customer "diversification strategy" toward lasers, sensors, and other complex opto-electronics positions it for "solid growth" and margins rising back above 12%. Marchetti anticipates the company to grow its EPS by double digits in FY19 and FY20 thanks to its "tight cost controls and a continued share buyback program".

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CNMD

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XPO

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OPTN

Optinose

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SXT

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