Fabrinet Announces Second Quarter Fiscal Year 2018 Financial Results

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Fabrinet (FN) PT Lowered to $40 at Needham & Company

February 6, 2018 6:34 AM EST

Needham & Company lowered its price target on Fabrinet (NYSE: FN) to $40.00 (from $45.00) while maintaining a Strong Buy rating.

Analyst Alex Henderson commented, "Fabrinet is the tail of the dog not the nose. Involuntary inventory builds at its customers due to excess... More