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Fabrinet (FN) Reports In-Line Q4 EPS

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Needham & Company Raises Price Target on Fabrinet (FN) Following 4Q

August 16, 2016 9:02 AM EDT

Needham & Company reiterated a Buy rating on Fabrinet (NYSE: FN), and raised the price target to $54.00 (from $48.00), following the company's 4Q earnings report. Overall revenues came in at $276MM, up 37%. Guidance calls for $306-310MM, with $22MM from extra week as the September quarter has 14... More