Northland analyst Tim Savageaux raised the firm’s price target on Applied Optoelectronics (AAOI) to $10 from $7 and keeps an Outperform rating on the shares. The company’s 8K filing on Wednesday outlined an expanded design, service and production deal, expanding on the recently announced laser development collaboration with Microsoft (MSFT), the analyst tells investors in a research note.
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Published first on TheFly
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