JPMorgan analyst Samik Chatterjee raised the firm’s price target on Fabrinet to $185 from $174 and keeps an Overweight rating on the shares post the fiscal Q1 report. The analyst says the company’s datacom ramp “continues to hum” and offset macro effects elsewhere.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on FN: