Deutsche Bank Starts Fabrinet (FN) at Buy with $15 Price Target
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Price: $14.63 +0.41%
Rating Summary:
6 Buy, 1 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 24 | New: 24
Rating Summary:
6 Buy, 1 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 24 | New: 24
Trade FN Now!
Deutsche Bank initiates coverage on Fabrinet (NSYE: FN) with a Buy rating and $15 price target.
The firm says, "In optical, we expect FN to grow at least in line with the market, which should grow at a 13% CAGR. In laser and sensor, Fabrinet has been expanding its customer base, and we forecast strong growth in this segment in FY-11E and FY-12E. Despite FN's strong position, above-industry operating margins, and better growth, FN trades at a discount to its EMS peers.
To see all the analyst action on shares of FN, visit our Analyst Ratings page.
Fabrinet Co., Ltd. provides foundry services to optical component, module, and subsystem original equipment manufacturers.
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The firm says, "In optical, we expect FN to grow at least in line with the market, which should grow at a 13% CAGR. In laser and sensor, Fabrinet has been expanding its customer base, and we forecast strong growth in this segment in FY-11E and FY-12E. Despite FN's strong position, above-industry operating margins, and better growth, FN trades at a discount to its EMS peers.
To see all the analyst action on shares of FN, visit our Analyst Ratings page.
Fabrinet Co., Ltd. provides foundry services to optical component, module, and subsystem original equipment manufacturers.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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