Jefferies Starts Finisar (FNSR) at Buy
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Price: $23.77 --0%
Rating Summary:
6 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
6 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies initiates coverage on Finisar (NASDAQ: FNSR) with a Buy and $23 price target.
The firm states, "We believe that Street expectations for Finisar are overly bearish given the temporary nature of the industry-wide inventory correction that began late 2010 / early 2011 and our checks indicating that underlying demand for optical systems, ROADMs, and fiber cabling remain strong."
For more ratings news on Finisar click here and for the rating history of Finisar click here.
Shares of Finisar closed at $16.78 yesterday.
The firm states, "We believe that Street expectations for Finisar are overly bearish given the temporary nature of the industry-wide inventory correction that began late 2010 / early 2011 and our checks indicating that underlying demand for optical systems, ROADMs, and fiber cabling remain strong."
For more ratings news on Finisar click here and for the rating history of Finisar click here.
Shares of Finisar closed at $16.78 yesterday.
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