Fabrinet price target lowered to $171 from $173 at B. Riley

B. Riley lowered the firm’s price target on Fabrinet to $171 from $173 and keeps a Neutral rating on the shares. Fabrinet reported Q3 results above analyst consensus estimates, the analyst tells investors in a research note. High-speed Datacom remains robust while the Telecom recovery continues to be pushed out, the firm says.